Results 25,601-25,620 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Credits (13 Jul 2023)

Michael McGrath: The position currently is that the most up to date statistics for the number of persons claiming each category of credit or allowance in the income tax code is contained on the Revenue website and this is updated on an ongoing basis. Further information can be found at this link: www.revenue.ie/en/corporate/documents/statistics/tax-expendi tures/costs-tax-expenditures.pdf I am advised by...

Written Answers — Department of Finance: Departmental Schemes (13 Jul 2023)

Michael McGrath: I propose to take Questions Nos. 326 and 327 together. The Deputy should note at the outset that no Government decision has been made on the replacement of the Disabled Drivers and Disabled Passengers scheme (DDS) with a grant scheme. Therefore, no provision has been made for it in either the expenditure or tax base for 2025. This matter is under consideration. The Department of the...

Written Answers — Department of Finance: Tax Yield (13 Jul 2023)

Michael McGrath: I understand that when the Deputy refers to increased revenue generated as a result of the OECD Agreement, he is referring to Pillar Two of that agreement dealing with the adoption of a global minimum effective tax rate of 15%. In October 2021 Ireland, along with almost 140 other countries in the OECD/G20 Inclusive Framework, signed up to an historic agreement to reform the international...

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

Michael McGrath: I am advised that Revenue provides a wide range of service channels to taxpayers who require assistance including online, phone, postal and an appointment service. The Appointment Service offers both virtual and in-person appointments, eliminating waiting times and allowing taxpayers to choose a time convenient for them. An appointment can be made through Revenue’s dedicated...

Written Answers — Department of Finance: Departmental Schemes (13 Jul 2023)

Michael McGrath: I wish to inform the Deputy that my Department does not currently run any internships, apprenticeships or graduate schemes. We do recruit via the Administrative Officer graduate entry campaign conducted by the Public Appointments Service and the Department of Public Expenditure, National Development Plan Delivery and Reform's Irish Government Economic and Evaluation Service (IGEES) graduate...

Written Answers — Department of Finance: Tax Code (13 Jul 2023)

Michael McGrath: I am advised by Revenue that while the person concerned is currently in receipt of the appropriate tax credit and rate band allocations, they are not distributed evenly between their PAYE income sources on record. In addition, the person concerned is in receipt of State Contributory Pension payments from the Department of Social Protection (DSP). Where a person has a PAYE source of...

Mortgage Interest Relief: Motion (20 Sep 2023)

Michael McGrath: I move amendment No. 2: To delete all the words after "Dáil Éireann" and substitute the following: "notes that: - the European Central Bank (ECB) is independent in the formulation of monetary policy for the Eurozone area; - the ECB's objective is to maintain price stability and wishes to ensure a timely return of inflation to its two per cent medium-term target; and - since...

Written Answers — Department of Finance: Customs and Excise (20 Sep 2023)

Michael McGrath: I am advised by Revenue that suspected counterfeit drugs detected by Revenue are detained and transferred to the HPRA and as such Revenue does not hold statistics relating to counterfeit prescription drug seizures.

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

Michael McGrath: In recognition of the impact of increased fuel prices in 2022, the Government provided for excise rate reductions effective from 10 March 2022 on petrol, diesel and Marked Gas Oil (MGO) in the order of 20, 15 and 2 cent per litre VAT inclusive. A further 1 cent reduction was applied to auto diesel and petrol from 1 April 2022 to offset the anticipated increase in retail price arising from...

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

Michael McGrath: In advance of the Budget, as Minister for Finance I receive a large number of pre-budget submissions on a wide range of issues. As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

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

Michael McGrath: I understand, following clarification from the Deputy’s office, that this question relates to the measures introduced by the EU Energy Council last year in Regulation 2022/1854 of 6 October 2022 on an emergency intervention to address high energy prices. This Regulation was introduced to address windfall gains identified as arising in the energy sector due to the increase in energy...

Written Answers — Department of Finance: Real Estate Investment Trusts (20 Sep 2023)

Michael McGrath: A Real Estate Investment Trust (REIT) is a quoted company, used as a collective investment vehicle to hold rental property. The REIT regime was introduced in Finance Act 2013 and its function is to facilitate collective investment in rental property by removing a double layer of taxation which would otherwise apply on property investment via a corporate vehicle. A REIT (or a group REIT) is...

Written Answers — Department of Finance: Defective Building Materials (20 Sep 2023)

Michael McGrath: The Deputy should note that VAT is a tax on consumption and is applied to supplies made by a person and not to supplies received by them. This is a feature of the VAT system itself, and as the Deputy may be aware, it is not possible under EU VAT law, with which Irish VAT law must comply, to introduce VAT exemption based on services received, nor to introduce an exemption based on the...

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

Michael McGrath: As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

Written Answers — Department of Finance: Housing Provision (20 Sep 2023)

Michael McGrath: HBFI’s total loan approvals from inception to the end of June 2023 were €1.437bn. This approved funding is across 117 projects, in 22 counties, and can support the delivery of 6,357 homes. Of the 117 projects with funding approved, 66 projects were either under construction or completed as at 30 June 2023. These projects will support the delivery of 4,258 new homes. The...

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

Michael McGrath: I am advised by Revenue that the estimated cost of not proceeding with the legislated increase in carbon tax, scheduled to take effect in October 2023, for 2023 and 2024, is shown in the following table. Year Excise €m VAT €m Total €m 2023 11.8 1.2 13.0 2024 85.6 ...

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

Michael McGrath: As the Deputy is aware, arising from a November 2021 Government decision that a levy be imposed on the construction sector to contribute towards the cost of the Mica Redress Scheme, the Defective Concrete Products Levy was announced as part of Budget 2023. The Defective Concrete Products Levy (“DCPL”) applies, at a rate of 5% of the market value of the concrete products within...

Written Answers — Department of Finance: EU Directives (20 Sep 2023)

Michael McGrath: Awaiting reply from Department.

Written Answers — Department of Finance: Housing Schemes (20 Sep 2023)

Michael McGrath: Awaiting reply from Department.

Written Answers — Department of Finance: Tax Appeals Commission (20 Sep 2023)

Michael McGrath: In response to the Deputy’s question, the following table provides an outline of the number of determinations issued by the Tax Appeals Commission for the years 2020 to 2022: Year No. of Determinations issued No. of Appeals Affected Quantum €m 2020 171 191 610 2021 130 ...