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Written Answers — Department of Finance: European Court of Justice (11 Oct 2023)

Michael McGrath: It has not been possible in the time available to compile the information sought in the Deputy's PQ. My officials will revert in writing to the Deputy when this is prepared.

Written Answers — Department of Finance: Departmental Data (11 Oct 2023)

Michael McGrath: The Central Bank of Ireland publishes quarterly statistics on mortgages. The most recent publication was on 15 September last and provides mortgage statistics for the second quarter of 2023. These statistical releases are publicly available on the Central Bank of Ireland webpage. According to the Central Bank of Ireland, at end-June, non-bank entities held 112,630 Private Dwelling House...

Written Answers — Department of Finance: Tax Code (12 Oct 2023)

Michael McGrath: Ireland’s excise duty treatment of fuel used for air navigation is governed by European Union (EU) law as set out in Directive 2003/96/EC on the taxation of energy products and electricity, commonly known as the Energy Tax Directive (ETD). The provisions of the current ETD relating to aviation fuels are transposed into national law in Finance Act 1999 (as amended), which provides for...

Written Answers — Department of Finance: Primary Medical Certificates (12 Oct 2023)

Michael McGrath: Progress has been made on efforts to convene a new Disabled Drivers Medical Board of Appeals (DDMBA), to secure new hosting arrangements for the DDMBA and to recommence the appeals process. I have now formally appointed all five members to the new DDMBA. Funding arrangements between the Department of Finance and the Department of Health have been agreed. On this basis the National...

Written Answers — Department of Finance: Tax Code (12 Oct 2023)

Michael McGrath: I am advised by Revenue that all those in receipt of income liable to income tax are subject to an Income Tax assessment. Such income can be made up of many sources, including employment income, profit from a trade or profession, rental income, dividend income, and many other sources. The Deputy should note that the data presented on page 2 of Revenue’s Ready Reckoner (available at...

Written Answers — Department of Finance: Banking Sector (12 Oct 2023)

Michael McGrath: The Retail Banking Review, published by my Department in November 2022, concluded that cash, despite a decline in its usage, remains an important element of the payments system and the broader economy and it is essential that cash remains readily available to customers through ATMs and other means across the country. It also concluded that there was still reasonable access to cash at the...

Written Answers — Department of Finance: Customs and Excise (17 Oct 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. This Government has been consistent in its strong support in ensuring that Revenue has the necessary resources to fulfil its mandate in this regard. Revenue’s Maritime Unit which has a...

Written Answers — Department of Finance: Housing Schemes (17 Oct 2023)

Michael McGrath: The Help to Buy (“HTB”) incentive is a scheme to assist first-time purchasers (“FTP”) with the deposit they need to buy or build a new house or apartment. The incentive gives a refund of Income Tax (“IT”) and Deposit Interest Retention Tax (“DIRT”) paid in Ireland over the previous four years, subject to limits outlined in the...

Written Answers — Department of Finance: Revenue Commissioners (17 Oct 2023)

Michael McGrath: The capital budget allocation for the Revenue Commissioners in the years 2022 and 2023, and the percentage of that capital funding that was actually spent in 2022, is outlined in the table below: Vote 09 - Revenue Commissioners 2022 Allocation 2022 Expenditure % spent in 2022 2023 Allocation €m €m %...

Written Answers — Department of Finance: Tax Code (17 Oct 2023)

Michael McGrath: My Department and Revenue have, for some time, been aware of issues arising from contractual arrangements within the General Practitioner (GP) community whereby some GPs assign income under their General Medical Services (GMS) contract to a GP practice in which they are a partner or an employee. The income is then treated by the parties as if it were income of the practice for tax purposes...

Written Answers — Department of Finance: Tax Data (17 Oct 2023)

Michael McGrath: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. The estimated cost of zero-rating VAT on e-books and audiobooks was derived from estimates of household expenditure on e-books and digital services using third party data sources. These sources do not provide the quantity and average...

Written Answers — Department of Finance: Insurance Coverage (17 Oct 2023)

Michael McGrath: Government is aware that a small number of areas can face difficulties in terms of affordability and availability of insurance, including in the construction sector. As the Deputy will be aware, neither Government nor the Central Bank of Ireland can interfere in the provision or pricing of insurance products, nor do we have the power to direct insurance companies to provide cover to specific...

Written Answers — Department of Finance: Housing Schemes (17 Oct 2023)

Michael McGrath: Help to Buy (HTB) is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive offers a refund on Income Tax and Deposit Interest Retention Tax (DIRT) paid in the State over the previous four years, subject to limits outlined in Section 477C of the Taxes Consolidation Act 1997. An increase in the supply of new housing...

Written Answers — Department of Finance: Tax Code (17 Oct 2023)

Michael McGrath: As I have previously indicated in my response to the Deputy, I am aware of this differential treatment and my officials are examining the issue. In this context it is worth noting the Commission on Taxation and Welfare have recommended that assets held within an ARF should be treated for inheritance tax purposes in the same way as other assets where inherited by anyone other than the...

Written Answers — Department of Finance: Grant Payments (17 Oct 2023)

Michael McGrath: The Department has oversight of the Disabled Drivers and Disabled Passengers Scheme (DDS) only. The scheme provides VAT and VRT reliefs as well as a fuel grant to qualifying disabled drivers and disabled passengers. Qualifying disabled drivers and disabled passengers are those that have been assessed as meeting one of six medical DDS eligibility criteria and who thus hold a Primary Medical...

Written Answers — Department of Finance: Insurance Coverage (17 Oct 2023)

Michael McGrath: Government policy in relation to flooding is focused on the development of a sustainable, planned and risk-based approach to dealing with this issue. The cornerstone of this approach is the €1.3 billion committed to the delivery of flood relief schemes over the lifetime of the National Development Plan (NDP) 2021-2030. Where defences have been built, there is a reasonable expectation...

Written Answers — Department of Finance: Tax Exemptions (17 Oct 2023)

Michael McGrath: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. Under domestic legislation, professional medical care services recognised as such by the Department of Health are exempt from VAT. Professional medical care services recognised by the Department of Health are generally those medical care services supplied by health...

Written Answers — Department of Finance: Tax Reliefs (17 Oct 2023)

Michael McGrath: Mortgage interest tax relief will be available to taxpayers in respect of their principal private residence in the State where the outstanding mortgage balance was between €80,000 and €500,000 on 31 December 2022 and the taxpayer is compliant with Local Property Tax requirements. The relief will be available at the standard rate of income tax in respect of the increase in...

Written Answers — Department of Finance: Tax Reliefs (17 Oct 2023)

Michael McGrath: As the Deputy will be aware, the Government is acutely conscious of the impact of rising interest rates and mortgage costs on many taxpayers. It is for this reason, I introduced a temporary one-year, targeted form of mortgage interest tax relief as part of Budget 2024. Mortgage interest tax relief will be available to taxpayers in respect of their principal private residence in the...

Written Answers — Department of Finance: Data Protection (17 Oct 2023)

Michael McGrath: The Deputy should note that my Department has a data breach management policy in place to ensure that any data breaches are dealt with as required under Articles 33-34 of the General Data Protection Regulation (GDPR). For operational security reasons, my Department is not in a position to provide any details of its cyber security systems, as it would be inappropriate to disclose information...

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