Results 26,621-26,640 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Reliefs (28 Nov 2023)

Michael McGrath: I believe the Deputy is referring to the intellectual property rights of actors and performers and compliance with relevant copyright legislation. I would first note that copyright law falls within the remit of the Department of Enterprise, Trade and Employment. Copyright is relevant for many workers in the film sector, including authors, producers, broadcasters and performers. I am...

Written Answers — Department of Finance: Tax Rebates (29 Nov 2023)

Michael McGrath: The VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT Directive, farmers can elect whether or not to register for VAT in respect of their farming business. I understand that farmers who register for VAT have an entitlement to reclaim VAT on costs incurred in relation to their agricultural business. A farmer...

Written Answers — Department of Finance: Tax Code (29 Nov 2023)

Michael McGrath: As part of Budget 2024, I introduced a personal income tax package to the value of €1.3 billion in 2024 and €1.5 billion in a full year. The budget tax package is built around 3 key pillars: changes to tax credits, the standard rate band and USC, and the Government has sought to use each of these levers to spread the benefit of the available package as effectively as...

Written Answers — Department of Finance: Departmental Expenditure (29 Nov 2023)

Michael McGrath: The European Communities (Late Payment in Commercial Transactions) Regulations 2012 provide that interest shall be payable in respect of a late payment. The Regulations, which apply equally to the public and private sector, provide an entitlement to interest if payment, in respect of a commercial transaction, is late. With effect from 1 July 2023, the late payment interest rate is 12% per...

Written Answers — Department of Finance: Tax Reliefs (29 Nov 2023)

Michael McGrath: Section 89 of the Capital Acquisitions Tax Consolidation Act 2003 (CATCA 2003) provides for a relief from capital acquisitions tax (CAT) for gifts and inheritances of agricultural property where certain conditions are met. Where the relief applies, it operates by reducing the market value of qualifying assets by 90%, such that CAT is payable on the reduced value (after allowing for any...

Written Answers — Department of Finance: EU Directives (29 Nov 2023)

Michael McGrath: I understand the question to refer to the "transposition" or implementation of European Directives into Irish law. It has not been possible in the time available to compile the information requested by the Deputy. However, a response will be compiled and forwarded to the Deputy in writing.

Written Answers — Department of Finance: Motor Industry (29 Nov 2023)

Michael McGrath: I am advised by Revenue that the number of cars approved for export from Ireland under the VRT Export Repayment Scheme for the years 2013, 2014 and 2015 are shown in the following table. Year Cars Approved for Export 2013 632 2014 1,458 2015 1,554

Written Answers — Department of Finance: National Treasury Management Agency (29 Nov 2023)

Michael McGrath: The NTMA have advised me that the procurement of large capital projects by the National Development Finance Agency (NDFA) on behalf of State authorities is conducted in accordance with EU and Irish procurement and competition law. In this regard NDFA, like other procuring authorities, has powers to exclude an entity from a competition in the case of adverse legal findings under competition...

Written Answers — Department of Finance: Departmental Funding (29 Nov 2023)

Michael McGrath: I propose to take Questions Nos. 47 and 48 together. The NTMA have advised me that the Ireland Strategic Investment Fund (ISIF), announced in November 2022 its ambition to invest a minimum of €50m through private equity firms that are majority owned by women. ISIF is inviting these firms to apply for ISIF investment, subject to meeting ISIF’s unique double bottom line mandate...

Written Answers — Department of Finance: Tax Reliefs (30 Nov 2023)

Michael McGrath: I propose to take Questions Nos. 308, 309, 310 and 321 together. Ireland’s taxation of fuel and electricity is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD provisions relating to taxation of electricity are transposed into national legislation in Chapter 1 of Part 2 of the Finance Act 2008 (as amended)....

Written Answers — Department of Finance: White Papers (30 Nov 2023)

Michael McGrath: I am advised that my Department has not published any White Papers over the period 2008 to date. As part of the annual budgetary process, my Department publishes a document entitled “Estimate of Receipts and Expenditure For the Year Ending 31 December”. While this is often referred to as the 'White Paper', it is not a policy paper and does not set out to identify any...

Written Answers — Department of Finance: Departmental Data (30 Nov 2023)

Michael McGrath: I wish to advise the Deputy that the Department of Finance commissioned or funded eight reports, and in collaboration with other Departments part funded one report, categorised or designated as not for external publication at a cost of €246,700.45 for the period 2011 to 28 November 2023.

Written Answers — Department of Finance: Vehicle Registration Tax (30 Nov 2023)

Michael McGrath: S.I. No. 318 of 1992, the Vehicle Regulation and Taxation Regulations, 1992 (as amended), governs the content, text, size, and other requirements of a registration plates. Certain characteristics of Irish plates are aligned with other countries across the EU by Council Regulation (EC) 2411/98 and by the Vienna Convention on Road Traffic. The National Car Test (NCT) includes checks on the...

Written Answers — Department of Finance: Tax Code (30 Nov 2023)

Michael McGrath: The VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT Directive, farmers can elect whether or not to register for VAT in respect of their farming business. I understand that farmers who register for VAT have an entitlement to reclaim VAT on costs incurred in relation to their agricultural business. A farmer...

Written Answers — Department of Finance: Primary Medical Certificates (30 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: Departmental Expenditure (30 Nov 2023)

Michael McGrath: I wish to advise the Deputy that the Department of Finance had no spend on advertisements with the website X (formally Twitter) for the dates 2021 to 27 November 2023.

Written Answers — Department of Finance: Departmental Expenditure (30 Nov 2023)

Michael McGrath: I wish to advise the Deputy that the Department of Finance had no spend on advertisements with the websites Facebook and Instagram for the dates 2021 to 27 November 2023.

Written Answers — Department of Finance: Departmental Expenditure (30 Nov 2023)

Michael McGrath: I wish to advise the Deputy that the Department of Finance had no spend on advertisements with the website Google for the dates 2021 to 27 November 2023.

Written Answers — Department of Finance: Tax Exemptions (30 Nov 2023)

Michael McGrath: I am advised by Revenue that the estimate for the additional annual revenue associated with the removal of the existing employer’s PRSI exemption from share-based remuneration for employers of all sizes remains €275 million. As I have previously advised, a breakdown of the potential revenue by employer size is not available. As announced in my Budget speech, my...

Written Answers — Department of Finance: Defective Building Materials (30 Nov 2023)

Michael McGrath: The Government response to this issue is led by the Minister for Housing, Local Government and Heritage, who has put in place a scheme of financial support to help homeowners affected by defective concrete blocks. Some homeowners have identified potential challenges with commencing remediation work in circumstances where advance payment is required by building professionals prior to...