Results 24,361-24,380 of 27,945 for speaker:Michael McGrath

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: We will not get the Anglo money back. That is self evident. The figures I gave there relate to the other three banks. It depends on the strategy for the disposal of shares and what the value of the shares is, if and when they are disposed. Based on today's value and the cash received to date, the shortfall is under €2 billion.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: Well, we got shares in return.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: Sure.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: The Department, under the previous Minister, Deputy Donohoe, completed a comprehensive retail banking review which looked at the competitive landscape and different models. It also outlined the important role that An Post and the credit union sector play in providing access to financial services across the State but there is no ongoing work on the community banking model that I think the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: It was included as part of the retail banking review. I am happy to come back to the Deputy on it.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: IBRC.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: Yes, that is right. I think the primary reason for that is the purchase of a Revenue cutter, which is a boat, apparently, for customs purposes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: I certainly will. That is not a problem. I believe the Revenue Commissioners are adequately resourced. Certainly, since I came into this office, no resource issues have been raised with me. We will get the specific details on prosecutions and so on for the Chairman.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: I am, of course, familiar with the issue of the EBS tied agents from my previous work on this committee. AIB has advised my Department that an agreed mediation process, which the Chairman mentioned, has been put in place in which all parties, the bank, the 16 former EBS tied agents, the third-party adviser and the mediator are engaged. I am not sure if the name of the mediator is public but...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: Yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: We will do that, yes.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (15 Feb 2023)

Michael McGrath: Absolutely. They are all very welcome. I met Commissioner McGuinness during the week in Brussels, just back after two days of Eurogroup and Economic and Financial Affairs Council, ECOFIN. The Commissioner, and I am sure many of our visitors, have very busy legislative files programmes. We got a very good update from the Commissioner in that regard. Our guests are very welcome. I am...

Temporary Business Energy Support Scheme: Motion (22 Feb 2023)

Michael McGrath: I move: That Dáil Éireann approves the following Orders in draft: Finance Act 2022 (Temporary Business Energy Support Scheme) (Energy Costs Threshold Aggregate Amount) Order 2023, Finance Act 2022 (Temporary Business Energy Support Scheme) (Energy Costs Threshold Aggregate Amount) (No. 2) Order 2023, and Finance Act 2022 (Temporary Business Energy Support Scheme) (Specified...

Temporary Business Energy Support Scheme: Motion (22 Feb 2023)

Michael McGrath: I thank all of my colleagues for their contributions. I have taken note of a number of the points that have been made. I wish to clarify a few points in terms of the effect of the resolutions that are before us tonight, which we can do under the existing Act and the changes that can only be brought about by way of new legislation in the House, which will be introduced shortly by means of a...

Financial Resolution No.1: Mineral Oil Tax (22 Feb 2023)

Michael McGrath: I move the following Financial Resolutions:

Financial Resolution No.3: Value-Added Tax (22 Feb 2023)

Michael McGrath: The first financial resolution provides for an extension of the excise duty reduction to mineral oil tax that the Government initially introduced in March of last year. VAT-inclusive reductions of 21 cent for petrol, 16 cent for auto diesel and 5.4 cent for marked gas oil, MGO, or green diesel, were extended in the Finance Act 2022 and were due to expire on 28 February of this year. The...

Financial Resolution No.3: Value-Added Tax (22 Feb 2023)

Michael McGrath: The Deputy just accused us of corruption.

Financial Resolution No.3: Value-Added Tax (22 Feb 2023)

Michael McGrath: I thank all my colleagues who contributed to this debate. We will have another opportunity because there will be a finance Bill 2023. What we are debating here are three financial resolutions. If they are not passed this evening, the result will be that this day next week the VAT on gas and electricity household bills will go up to 13.5%. The VAT on tourism, hospitality, hairdressers,...

Written Answers — Department of Finance: Insurance Industry (21 Feb 2023)

Michael McGrath: This Government recognises the fact that a number of outdoor/high-footfall activity sectors, including motorcycle sports, are currently facing difficulty in terms of affordability and availability of insurance. It has therefore prioritised the implementation of the Action Plan for Insurance Reform, which aims to improve the cost and availability of insurance for all groups, including sporting...