Results 26,401-26,420 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Dental Services (16 Nov 2023)

Michael McGrath: The position in relation to the Deputy's question is set out in my reply to parliamentary question number 172 of 26 September 2023. Section 469 of the Taxes Consolidation Act 1997 provides for tax relief where an individual proves that he or she has incurred costs in respect of qualifying health expenses. Routine dental treatment is not eligible for the relief. As previously outlined, I have...

Written Answers — Department of Finance: Departmental Data (16 Nov 2023)

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

Written Answers — Department of Finance: Tax Code (16 Nov 2023)

Michael McGrath: Finance Act 2021 introduced Part 22A Residential Zoned Land Tax (RZLT) into the Taxes Consolidation Act 1997. RZLT is designed to prompt residential development by owners of land that is zoned for residential or mixed-use (including residential) purposes and that is serviced. The legislation underpinning RZLT requires local authorities to consider whether land meets the relevant criteria...

Written Answers — Department of Finance: Departmental Policies (16 Nov 2023)

Michael McGrath: As provided for in the Heads of the Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill the Future Ireland Fund and Infrastructure, Climate and Nature Fund will be invested and managed by the National Treasury Management Agency (NTMA) to seek to secure the optimal total financial return, as to both capital and income, having regard to the purpose of each Fund. The two...

Written Answers — Department of Finance: Legislative Measures (16 Nov 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 treat income under their General Medical Services (GMS) contract as income of a GP practice in which they are a partner or an employee, rather than income of that individual GP. Revenue issued a guidance note to tax...

Written Answers — Department of Finance: Departmental Data (16 Nov 2023)

Michael McGrath: I am advised by Revenue that capital allowances claimed in respect of the purchase of motor cars for business use are aggregated with other Plant and Machinery items on the relevant tax returns. Therefore, Revenue does not have the necessary data to enable it to identify the number or category of vehicles to which the claims relate.

Written Answers — Department of Finance: Tax Code (16 Nov 2023)

Michael McGrath: Part 11C of the Taxes Consolidation Act (TCA) 1997 provides for a scheme of capital allowances and leasing expenses for business cars based on the level of CO2 emissions from the cars concerned. The amount of allowable expenditure for capital allowances purposes is determined by reference to the car’s level of CO2 emissions rather than on the expenditure incurred on the car. Section 19...

Written Answers — Department of Finance: An Garda Síochána (21 Nov 2023)

Michael McGrath: As the Deputy is aware, the SFT was introduced in Finance Act 2005, with the purpose of addressing excessive pension accrual, and it applies to all private and public sector pension arrangements. It is provided for in Chapter 2C of Part 30 of the Taxes Consolidation Act 1997 (TCA) which sets out the maximum tax-relieved pension fund at retirement. If the relevant threshold is exceeded, the...

Written Answers — Department of Finance: Legislative Measures (21 Nov 2023)

Michael McGrath: I propose to take Questions Nos. 166 and 178 together. 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 treat income under their General Medical Services (GMS) contract as income of a GP practice in which they are a partner or an employee, rather than income of that...

Written Answers — Department of Finance: Pension Provisions (21 Nov 2023)

Michael McGrath: I wish to highlight, as Minister for Finance, I am precluded from intervening in commercial and operational decisions in any particular bank, even one in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. This independence is protected by a Relationship...

Written Answers — Department of Finance: Departmental Bodies (21 Nov 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: European Union (21 Nov 2023)

Michael McGrath: The annual net contribution of Ireland to the EU Budget (payments) and income (receipts), from 2013 until 2021 is outlined in full inTable 1below. Table 2 outlines Ireland’s actual gross contribution (payment) for 2022 together with current forecasts for the gross contribution (payment) for the remaining years until the end of the current Multiannual Financial Framework period which...

Written Answers — Department of Finance: Tax Credits (21 Nov 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. For the tax years 2022 and 2023, the maximum value of the credit is €1,000 per year in the case of a jointly assessed couple, and €500 in all other cases. I...

Written Answers — Department of Finance: Housing Schemes (21 Nov 2023)

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

Written Answers — Department of Finance: Cybersecurity Policy (21 Nov 2023)

Michael McGrath: I propose to take Questions Nos. 172, 173, 174 and 175 together. In relation to my Department, I wish to advise that ICT services are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure and Reform. On behalf of my Department, OGCIO implements a defence-in-depth security strategy which is achieved through the effective...

Written Answers — Department of Finance: Tax Yield (21 Nov 2023)

Michael McGrath: I am advised by Revenue that the receipts from Betting Duty for the year 2022, and prior years, are available on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/receipts-volume-and-price/betting-duty-receipts. aspx. The provisional Betting Duty receipts for January to October 2023 are €102.7m. The breakdown of these receipts is shown in...

Written Answers — Department of Finance: Tax Yield (21 Nov 2023)

Michael McGrath: I am advised by Revenue that the estimated first and full year yield to the Exchequer of establishing three new income tax bands of 47% on earnings between €140,000 and €190,000, 52% on earnings between €190,001 and €250,000 and 58% on earnings over €250,001 is €1,795 million and €2,285 million respectively. The estimated yields are calculated...

Written Answers — Department of Finance: Departmental Contracts (21 Nov 2023)

Michael McGrath: My Department does not hold any current contracts with any Israeli state agency. Regarding Israeli based companies (or any company based elsewhere in the world which is owned or part-owned by an Israeli state agency or by any Israeli-based company), the information requested is not collated by my Department. My Department maintains a register of all live contracts in accordance with Circular...

Written Answers — Department of Finance: Departmental Data (21 Nov 2023)

Michael McGrath: My Department is not involved in any exercise, operation, training or research which includes involvement by an Israeli state agency, an Israeli-based company or any company anywhere in the world which is owned or part-owned by an Israeli stage agency or by an Israeli-based company. I would refer the Deputy to the reply which I gave to Dáil Questions 315 and 316 on 7 November as they...

Written Answers — Department of Finance: Housing Provision (21 Nov 2023)

Michael McGrath: I am aware of the company mentioned, which is domiciled in Gibraltar and regulated by the Gibraltar Financial Services Commission but also operated in Ireland on a cross-border basis under the EU freedom to provide services provisions. On 31 December 2019, it, ceased writing new business and went into run-off. The company in question is currently seeking independent legal advice on its...