Results 25,221-25,240 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Revenue Commissioners (13 Jun 2023)

Michael McGrath: I am advised by Revenue that its Large Cases - High Wealth Individuals Division (LC-HWID) has responsibility for the following business areas:Management of the tax affairs of High Wealth Individuals,Approval and administration of certain pension schemes, andIdentification of and challenge to tax avoidance transactions.The details requested by the Deputy are set out in the following Table for...

Written Answers — Department of Finance: Fiscal Policy (13 Jun 2023)

Michael McGrath: Promoting investment and jobs in Ireland is a key part of the Government’s overall strategy. As the Deputy will be aware, the economic policy unit in the Department of An Taoiseach supports the Government, in delivering sustainable and balanced economic growth and advancing the Government’s economic priorities. The unit assists the delivery of the Government’s economic...

Written Answers — Department of Finance: Data Protection (13 Jun 2023)

Michael McGrath: I wish to inform the Deputy that remote working in my Department is governed by the same organisation policies and procedures that apply to staff working in the office environment. This includes policies in respect of Data Protection, IT Security, Confidentiality, and Standards of Behaviour. There are a range of policies and protocols in place to safeguard against unauthorised exposure of...

Written Answers — Department of Finance: Cannabis for Medicinal Use (14 Jun 2023)

Michael McGrath: Revenue has primary responsibility for the prevention, detection, interception and seizure of controlled drugs intended to be smuggled or illegally imported into, or exported from, the State. I am advised that cannabinoids are a diverse group of chemical compounds which can be extracted from the cannabis plant and formulated in to various products, including oils and edibles. Cannabinoids are...

Written Answers — Department of Finance: Departmental Data (14 Jun 2023)

Michael McGrath: I am advised by Revenue that the average emissions from category A vehicles registered (new and used) in 2020, 2021, 2022 and to the end of March 2023 and the VRT band associated with these averages are provided in the table below. These figures relate to internal combustion engine vehicles only. Hybrid, Plug-in Hybrid and Electric vehicles are excluded. Year Average...

Written Answers — Department of Finance: Tax Credits (14 Jun 2023)

Michael McGrath: I am aware of the recommendations made by the Oireachtas Committee on Budgetary Oversight as part of its recent examination of the section 481 film tax credit. In relation to the intellectual property rights of actors and performers, I would note that copyright law falls within the remit of the Department of the Enterprise, Trade and Employment. Notwithstanding this, my officials have...

Written Answers — Department of Finance: Tax Credits (14 Jun 2023)

Michael McGrath: The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997, was introduced by Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. The credit is, subject to a number of conditions, broadly available in the following three circumstances: 1. where the claimant makes a qualifying payment in respect of a...

Written Answers — Department of Finance: Tax Reliefs (15 Jun 2023)

Michael McGrath: I am informed by Revenue that section 469 of the Taxes Consolidation Act 1997 provides for tax relief in respect of health expenses incurred for the provision of health care. Section 469 defines health care as the prevention, diagnosis, alleviation or treatment of an ailment, an injury, an infirmity, a defect or a disability. For the purposes of tax relief health expenses are expenses in...

Written Answers — Department of Finance: Tax Code (15 Jun 2023)

Michael McGrath: As the Deputy will be aware, Government first set out its medium-term framework for the public finances in the Summer Economic Statementin July 2021. This framework, which anchors net spending growth to the trend growth rate of the economy, set ‘core’ expenditure growth at 5 per cent over the period to 2025. The spending rule is calibrated on the basis of ‘net’...

Written Answers — Department of Finance: Departmental Schemes (20 Jun 2023)

Michael McGrath: The National Disability Inclusion Strategy Transport Working Group (TWG), comprising members from a range of Departments, agencies and Disabled Persons Organisations, was tasked under Action 104 to review all Government-funded transport and mobility supports for those with a disability, including the Disabled Drivers and Disabled Passengers Scheme (DDS). The NDIS TWG final report was...

Written Answers — Department of Finance: Tax Credits (20 Jun 2023)

Michael McGrath: Based on Revenue’s latest Ready Reckoner (Post-Budget 2023), the estimated costs on a first and full year basis of an increase in the value of the tax credit as mentioned by the Deputy are set out in the table below: Measure Adjustment First Year Cost Full Year Cost Incapacitated Child Tax Credit An increase of €200 from...

Written Answers — Department of Finance: Overseas Development Aid (20 Jun 2023)

Michael McGrath: I propose to take Questions Nos. 237 to 239, inclusive, together. The IMF promotes international monetary co-operation and provides policy advice, technical assistance and loans to help countries build and maintain strong economies. It also helps countries design policy programmes, where necessary. Ireland is one of 190 member countries and we work proactively with other members and...

Written Answers — Department of Finance: Departmental Communications (20 Jun 2023)

Michael McGrath: Ireland enjoys a deep and wide-ranging bilateral relationship with Australia, owing from our historic cultural and people-to-people ties, our economic and trade relationship, and our cooperation on global affairs across an array of fora and channels. Ireland has a strong diplomatic presence in Australia, complemented by representative offices for State Agencies including Enterprise Ireland,...

Written Answers — Department of Finance: Motor Industry (20 Jun 2023)

Michael McGrath: I am advised by Revenue that an estimate of the number of Category A vehicles sold with an open market selling price (OMSP) above €70,000 and above €100,000, for the years 2021, 2022 and to the end of April 2023 is provided in the table below. Year OMSP between €70,000 and €100,000 OMSP > €100,000 2021 ...

Written Answers — Department of Finance: Tax Code (20 Jun 2023)

Michael McGrath: The Residential Zoned Land Tax (RZLT) was introduced in Finance Act 2021. RZLT represents the output from Action 15.2 of the Housing for All Strategy published by the Department of Housing, Local Government and Heritage (D/HLGH) in September 2021 which announced the introduction of “a new tax to activate vacant land for residential purposes (to replace the current Vacant Site...

Written Answers — Department of Finance: Tax Code (20 Jun 2023)

Michael McGrath: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they are exempt from VAT or fall within Annex III of the Directive, in respect of which Member States may apply reduced rates or, in limited circumstances, zero rates of VAT. In...

Written Answers — Department of Finance: Tax Data (20 Jun 2023)

Michael McGrath: I am advised by Revenue that the revenues to be raised in first-year (2024) and full-year terms from legislated increases in the carbon tax in May 2024 and October 2024 respectively are estimated as follows. Estimate Carbon €m VAT €m Total €m First Year 43.0 3.8 46.8 Full Year ...

Written Answers — Department of Finance: Tax Code (20 Jun 2023)

Michael McGrath: I propose to take Questions Nos. 245 and 247 together. The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in...

Written Answers — Department of Finance: Tax Code (20 Jun 2023)

Michael McGrath: I propose to take Questions Nos. 246 and 248 together. The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT...

Written Answers — Department of Finance: Tax Code (20 Jun 2023)

Michael McGrath: The VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they are exempt from VAT or fall within Annex III of the Directive, in respect of which Member States may apply reduced rates of VAT. Under VAT law, there is no scope for a...