Results 26,801-26,820 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Reliefs (23 Jan 2024)

Michael McGrath: I propose to take Questions Nos. 214 and 217 together. 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. I am advised by Revenue that the Rent Tax Credit statistics currently available refer only to claims by...

Written Answers — Department of Finance: Tax Rebates (23 Jan 2024)

Michael McGrath: I am advised by Revenue that the estimated value of claims for qualifying Health Expenses, broken down by year for 2004-2021, the latest year for which fully analysed data are available, is included 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 Credits (23 Jan 2024)

Michael McGrath: I am advised by Revenue that the estimated number of claimants for the Incapacitated Child Tax Credit, broken down by year for 2004-2021, the latest year for which data are available, is included 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 Collection (23 Jan 2024)

Michael McGrath: The article referred to by the Deputy outlines recent comments by the Tánaiste in the context of a number of business closures in the hospitality sector over the past six months. In particular the Tánaiste made reference to the 9% VAT rate for hospitality and tourism sector and the Tax Debt Warehousing Scheme. The 9% VAT rate for hospitality and tourism sector was introduced...

Written Answers — Department of Finance: Insurance Industry (23 Jan 2024)

Michael McGrath: I note that the details supplied relate to a recent media report about an increase in home insurance costs in the context of the latest CSO Consumer Price Index (CPI). As the Deputy will appreciate, neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis....

Written Answers — Department of Finance: Site Acquisitions (23 Jan 2024)

Michael McGrath: NAMA has advised that all information relating to the site sales process and the associated timeline is a matter for the appointed Receiver (details supplied) who is responsible for the management and sale of the site or for the Department of Education, who is a party to the draft contract. NAMA’s role is simply that of a secured lender. Details supplied: Kieran Curtin, HWBC.

Written Answers — Department of Finance: Revenue Commissioners (23 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: Departmental Data (23 Jan 2024)

Michael McGrath: I understand that the question is seeking clarification on the transfer of personal data and/or records, as per the Deputy's previous question, no. 333 of 17 January 2024, and my answer will therefore relate to personal data, rather than the transfer of data and/or records in general. As previously set out, the work of my Department does not generally involve the collection or sharing of...

Written Answers — Department of Finance: Tax Data (23 Jan 2024)

Michael McGrath: I am advised by Revenue that, based on returns for the period since the commencement of the Section, the available information for the years 2021, 2022 and 2023 is as shown in the table below. The information has been aggregated for the relevant years and for counties with low numbers of properties to protect taxpayer confidentiality. The data is provisional and may be subject to revision. ...

Written Answers — Department of Finance: Media Sector (24 Jan 2024)

Michael McGrath: Section 481 provides relief in the form of a corporation tax credit related to the cost of production of certain films. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of the Irish culture. Currently, the credit is granted at a rate of 32% of the lowest of:eligible...

Written Answers — Department of Finance: Departmental Staff (24 Jan 2024)

Michael McGrath: I wish to inform the Deputy that my Department launched its Blended Working Policy on 1st July 2022. The policy was developed in line with the key principles and parameters of the Civil Service Blended Working Policy Framework. A key principle of my Departments policy is to ensure business needs are met to the highest professional standards while allowing for the maximum amount of...

Written Answers — Department of Finance: Departmental Staff (24 Jan 2024)

Michael McGrath: The bodies under the aegis of my Department have provided the information requested in relation to remote working in respect of 2022 and 2023 below. The Central Bank of Ireland remains committed to having a hybrid working model in place that provides two-way flexibility to both employees and the organisation. The model allows the majority of roles (+90% of approximately 2,000 employees) to...

Written Answers — Department of Finance: Tax Exemptions (24 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: Housing Policy (24 Jan 2024)

Michael McGrath: The Government is acutely aware that the bulk purchase of homes deeply affects aspiring owner-occupiers and first time buyers. This is why we responded decisively with the introduction of wide range of actions in 2021 to provide a disincentive on the bulk purchase of homes. These actions are working. Estimates, based on Revenue and CSO data, show that the higher stamp duty rate has...

Written Answers — Department of Finance: Housing Policy (24 Jan 2024)

Michael McGrath: I am advised by Revenue that Stamp Duty information is only available for analysis once a filing is executed, therefore the requested information cannot be provided to the Deputy.

Written Answers — Department of Finance: Irish Sign Language (24 Jan 2024)

Michael McGrath: I wish to advise the Deputy that of the social media videos posted by my Department during the timeframe specified, 66% included closed captioning/subtitles and none included Irish sign language translations. I am advised that of the social media videos posted by the bodies under the aegis of my Department in 2023, none included Irish sign language translations. The position in relation to...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2024
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (24 Jan 2024)

Michael McGrath: I am pleased to have the opportunity to appear before the committee today to discuss the 2024 Revised Estimates. As Minister for Finance, I will be discussing the four Votes within the finance group of Votes: Vote 7 - Office of the Minister for Finance; Vote 8 - Office of the Comptroller and Auditor General; Vote 9 - Office of the Revenue Commissioners; and Vote 10 - Tax Appeals Commission....

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2024
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (24 Jan 2024)

Michael McGrath: I appreciate that some of the changes in the subheads in the presentation of the Vote can make comparison difficult. The origin of the changes to the subheads lie in the roll-out of the financial management shared services system, so some subheads are new in 2024 and other subheads are deactivated. That is presented in the table we have set out. I expect that in the future such changes...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2024
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (24 Jan 2024)

Michael McGrath: My understanding is that the allocation under Vote 7 is just for the corporate function within the Department of Finance. The bigger provision in terms of consultancy is under subhead A4, with an allocation of €2.2 million. The €100,000 is for internal matters, including health and safety audits and so on, related to the functioning of the Department.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2024
Vote 7 - Office of the Minister for Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Tax Appeals Commission (Revised) (24 Jan 2024)

Michael McGrath: There was provision of €150,000 allocated to consultancy administration in 2023.