Results 24,181-24,200 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Primary Medical Certificates (31 Jan 2023)

Michael McGrath: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons,  as a driver or as a passenger and also to certain organisations. In order to qualify for relief, the applicant must hold a Primary Medical...

Written Answers — Department of Finance: Tax Code (31 Jan 2023)

Michael McGrath: I am advised by Revenue that the estimated yield from introducing an additional 5% Income Tax surcharge on that portion of the income of any taxpayer unit in excess of €175,000, is €490m on a full year basis. “Taxpayer units” includes both singly assessed individuals and couples who are married or in a civil partnership and elect to be jointly assessed. These...

Written Answers — Department of Finance: Official Travel (31 Jan 2023)

Michael McGrath: For 2020, my Department paid €1,954.42 into the Climate Action Fund in respect 75.17 tonnes of carbon emission associated with official air travel by staff. The amount of €4,149.65 was paid into the Fund for 2021 in respect 123.87 tonnes. This data includes official travel on the Government Jet. The calculation for 2022 is underway and, as such, my Department is not in a...

Written Answers — Department of Finance: Departmental Schemes (31 Jan 2023)

Michael McGrath: The scheme that comes under the remit of my Department is the Disabled Drivers and Disabled Passengers Scheme. It provides relief from Vehicle Registration Tax and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain charitable organisations. In...

Written Answers — Department of Finance: Legislative Measures (31 Jan 2023)

Michael McGrath: In September 2016, Minister Noonan announced the introduction of an anti-avoidance amendment to section 110 of the Taxes Consolidation Act 1997. Section 110 TCA 1997 sets out the regime for the taxation of special purpose companies set up to securitise assets. The focus of this anti-avoidance provision was to prevent qualifying companies being used to reduce the Irish tax base in respect of...

Written Answers — Department of Finance: Customs and Excise (31 Jan 2023)

Michael McGrath: As the Deputy will be aware, the Diesel Rebate Scheme (‘DRS’) has been in operation since 2013 and is available to qualifying road haulage and passenger transport operators. The DRS operates on a sliding scale basis, whereby the rebate kicks in when the retail price of diesel exceeds €1.00 VAT exclusive and the repayment amount increases gradually as the retail price...

Written Answers — Department of Finance: Tax Clearance Certificates (31 Jan 2023)

Michael McGrath: Tax Clearance is required for various purposes, such as renewal of a variety of licences and permits, public sector contracts, grants, subsidy payments and Government supports. While a business may have their tax clearance rescinded due to compliance issues, it can also be rescinded for reaching its expiry date.  (An application for a Tax Clearance Certificate will normally expire after...

Written Answers — Department of Finance: Tax Code (31 Jan 2023)

Michael McGrath: I am advised by Revenue that, as a general rule, the stamp duty chargeable on a transfer of property is calculated by reference to the consideration paid for the property, including where that consists of debts or choses-in-action (which can include stocks or shares). However, where no consideration is paid or consideration is paid but at an amount that is less than the market value of the...

Written Answers — Department of Finance: Coillte Teoranta (31 Jan 2023)

Michael McGrath: I can advise the Deputy that my Department and I were not informed in advance of this deal.

Written Answers — Department of Finance: Tax Reliefs (31 Jan 2023)

Michael McGrath: I am advised by Revenue that the number of individuals claiming the Special Assignee Relief Programme (SARP) and a breakdown of their employers by sector in relation to the years 2018, 2019 and 2020 can be found in the 2020 SARP report, which is published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/resear...

Written Answers — Department of Finance: European Union (31 Jan 2023)

Michael McGrath: EU sanctions have direct effect in all Member States of the EU, and are legally binding on all natural and legal persons. A natural or legal person who contravenes a provision of an EU sanctions regulation would be guilty of an offence and liable to prosecution.   Ireland is fully supportive of all sanctions agreed at European Union level. All sanctions against Russia and Belarus in...

Written Answers — Department of Finance: Insurance Industry (31 Jan 2023)

Michael McGrath: As the Deputy will appreciate, I am unable to comment on individual cases. Moreover, neither the Minister for Finance, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products. This position is reinforced by the EU framework for insurance (the Solvency II Directive).   It understood that firms use a combination of actuarial-based...

Written Answers — Department of Finance: Departmental Policies (31 Jan 2023)

Michael McGrath: The Department previously carried commissioned an independent economic analysis into the possible effects of the Irish tax system on developing economies which was published in July 2015. The report considered Ireland’s tax system including out tax treaty network, and on foot of the report two tax treaties were renegotiated delivering more favourable terms for our treaty...

Central Bank (Individual Accountability Framework) Bill 2022: Order for Report Stage (1 Feb 2023)

Michael McGrath: I move: "That Report Stage be taken now."

Central Bank (Individual Accountability Framework) Bill 2022: Report and Final Stages (1 Feb 2023)

Michael McGrath: I move amendment No. 1: In page 25, line 7, to delete "it," and substitute "it". I am tabling four amendments to the Bill to address minor typographical issues that have come to light since Committee Stage. I commend these four amendments to the House. I am pleased to be able to bring this important Bill before the House today. Passage of the Bill by Dáil Éireann will be a...

Central Bank (Individual Accountability Framework) Bill 2022: Report and Final Stages (1 Feb 2023)

Michael McGrath: I move amendment No. 2: In page 27, line 14, to delete “or where” and substitute “or, where”.

Central Bank (Individual Accountability Framework) Bill 2022: Report and Final Stages (1 Feb 2023)

Michael McGrath: I move amendment No. 3: In page 71, line 28, to delete “2010.”.” and substitute “2010.”, and” .

Central Bank (Individual Accountability Framework) Bill 2022: Report and Final Stages (1 Feb 2023)

Michael McGrath: I move amendment No. 4: In page 73, line 11, to delete “91.(1)” and substitute “91.”.

Written Answers — Department of Finance: Political Funding (1 Feb 2023)

Michael McGrath: I wish to advise the Deputy that payments to political parties are made under Section 17 of the Electoral Act of 1997 as amended by Section 50(c) of the Electoral (Amendment) Act 2001; Section 77 of the Ministers and Secretaries (Amendment) Act 2011; and Section 42 of the Electoral (Amendment) (Political Funding) Act 2012.  In accordance with Section 19 of the 1997 Act, as amended by...

Written Answers — Department of Finance: Tax Credits (1 Feb 2023)

Michael McGrath: Finance Act 2022 introduced the Rent Tax Credit, which is provided for in section 473B of the Taxes Consolidation Act 1997 (TCA). This is an income tax credit of up to €500 per year (or up to €1,000 for jointly assessed couples) which may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. The credit is broadly available in the...