Results 26,721-26,740 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Departmental Inquiries (14 Dec 2023)

Michael McGrath: It would not be appropriate for me to comment on individual cases, but my Department is reviewing the issues arising, and my officials have been in touch with the party concerned.

Written Answers — Department of Finance: Banking Sector (14 Dec 2023)

Michael McGrath: The transfer or sale of a creditor's benefits and rights under a credit agreement is a commercial decision for an individual firm. As Minister for Finance, I have no function or role in such decision-making matters by credit institutions or other mortgage entities. However, there is a robust consumer protection framework in place in relation to credit agreements. This framework...

Written Answers — Department of Finance: Acht na dTeangacha Oifigiúla (14 Dec 2023)

Michael McGrath: Níl aon bhuiséad ag mo Roinnse le haghaidh fógraíochta, agus ní raibh aon chaiteachas fógraíochta ag an Roinn in 2023.

Written Answers — Department of Finance: Acht na dTeangacha Oifigiúla (14 Dec 2023)

Michael McGrath: I propose to take Questions Nos. 219 and 221 together. Tá an teolas thíos curtha ar fáil ag na comhlachtaí Stáit atá faoi scáth mo Roinne a chomhlíonann an sainmhíniú ar chomhlacht poiblí, mar atá sainmhínithe faoi Achtanna na dTeangacha Oifigiúla, a thabhaigh caiteachas fógraíochta laistigh den amlíne...

Written Answers — Department of Finance: Acht na dTeangacha Oifigiúla (14 Dec 2023)

Michael McGrath: Níl aon bhuiséad ag mo Roinnse le haghaidh fógraíochta, agus ní raibh aon chaiteachas fógraíochta ag an Roinn in 2023.

Written Answers — Department of Finance: Agriculture Schemes (14 Dec 2023)

Michael McGrath: I propose to take Questions Nos. 222 to 224, inclusive, together. I am advised by Revenue that 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, and this affects how VAT incurred on their inputs is treated....

Written Answers — Department of Finance: Housing Policy (14 Dec 2023)

Michael McGrath: As the Deputy is aware, NARPS was created by NAMA to acquire housing units for long term lease to Approved Housing Bodies and Local Authorities. Following a review of NAMA in 2019, as required under Section 227 of the NAMA Act, NAMA was directed to retain NARPS in permanent state ownership. ‘Housing for All’ includes a commitment to agree the process for the transfer of...

Written Answers — Department of Finance: Departmental Policies (14 Dec 2023)

Michael McGrath: Since the formation of the Government on 27 June 2020 the Department of Finance has delivered a number of policy achievements which include; Budget 2021, 22, 23 and 24 The unforeseen challenges of Ukraine, the ongoing recovery from the pandemic and the continuing fallout from Brexit were addressed from a position of strength with record levels of employment and a budget surplus. Covid 19...

Written Answers — Department of Finance: Rental Sector (14 Dec 2023)

Michael McGrath: The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997 (TCA 1997), was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. In relation to the question of parents paying for their children who are studying abroad and in a tenancy outside the State, the purpose behind the rent...

Written Answers — Department of Finance: Rental Sector (14 Dec 2023)

Michael McGrath: I am advised by Revenue that the number of non-resident taxpayers who declared rental income on the Form 11 for the years 2016-2021, broken down by their country of residence and their income source (residential or commercial properties), is as set out in the tables below. 2021 Residential Country of Residence Taxpayer Units United Kingdom 6,945 ...

Written Answers — Department of Finance: Tax Code (18 Jan 2024)

Michael McGrath: I propose to take Questions Nos. 164 and 166 together. I am advised by Revenue that the standard rates of stamp duty applying on the acquisition of residential property are 1% on values up to €1 million and 2% on values exceeding €1 million. Section 31E of the Stamp Duties Consolidation Act (SDCA) 1999 provides for a higher 10% rate of stamp duty to be charged on the acquisition...

Written Answers — Department of Finance: Departmental Data (18 Jan 2024)

Michael McGrath: I wish to advise the Deputy that it was not possible for Revenue to provide the data requested in the time available. I will make arrangements to provide the Deputy with the available information in due course.

Written Answers — Department of Finance: Fiscal Policy (18 Jan 2024)

Michael McGrath: The NTMA have advised me they announced a bond funding range for 2024 of €6 billion to €10 billion on 30 November last. This range reflects several factors including maturing debt in 2024, the importance of maintaining a presence in bond markets and providing liquidity to Ireland’s benchmark bond curve.

Written Answers — Department of Finance: Tax Code (18 Jan 2024)

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, and each farmer’s decision on this matter affects how VAT incurred on their inputs (such as the purchase of farm equipment) is treated. Farmers who...

Written Answers — Department of Finance: Tax Code (18 Jan 2024)

Michael McGrath: I am advised by Revenue that the Incapacitated Child Tax Credit may be claimed by the parent or guardian of a child who is permanently incapacitated by reason of mental or physical infirmity. The qualifying criteria for claiming the credit are outlined in Section 465 of the Taxes Consolidation Act 1997 and further information is also available on the Revenue website at...

Written Answers — Department of Finance: Tax Reliefs (17 Jan 2024)

Michael McGrath: I am advised by Revenue that the total costs for fully approved Help to Buy claims for the years 2017 to 2022, including retrospective cases for the period 19 July to 31 December 2016, are outlined in the ‘Cost of Tax Expenditures’ publication, which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Tax Yield (17 Jan 2024)

Michael McGrath: I am advised by Revenue that the net declared liabilities as stated in the Electricity Tax returns for the previous five years for business and non-businesses categories are broken down in the table below. Actual receipts collected are different for some years due to overpayments and subsequent adjustments made in the following years. The overall totals for net declared liabilities and...

Written Answers — Department of Finance: Tax Code (17 Jan 2024)

Michael McGrath: The Residential Zoned Land Tax (RZLT) was introduced in Finance Act 2021. It seeks to increase housing supply by encouraging the activation of development on lands which are suitably zoned and appropriately serviced. It aims to bring those lands which have benefitted from investment in services and are capable of being developed forward for housing. The tax is an action contained in...

Written Answers — Department of Finance: Customs and Excise (17 Jan 2024)

Michael McGrath: I propose to take Questions Nos. 310, 311 and 312 together. It appears that the references in the Deputy’s questions to section 62 of Finance Act 1994 and section 62 of Finance Act 2001 are erroneous and that they should instead reference section 62 of Finance Act 1993. Section 62 of Finance Act 1993 relates to questioning of vehicle owners, while sections 134 through 141 of Finance...

Written Answers — Department of Finance: Tax Code (17 Jan 2024)

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. 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 respect of which Member States may apply a lower rate of...