Results 26,861-26,880 of 27,945 for speaker:Michael McGrath

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: The system here has found out a way of holding people to account. The arts and culture committee and the Committee of Public Accounts have held many hearings into RTÉ in recent months. I do not think there has been barrier to accountability in that sense. Extending it to commercial State companies raises other issues that need to be considered. I would need to give this some...

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: Commercial State companies have their own governance structure, boards, audit and risk committees and reporting arrangements.

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: They have a different relationship. I will have look at the points Deputy Conway-Walsh has made-----

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: -----but I do not have any plans at this time. It would not be appropriate given the nature of many of the commercial State companies. They have a different role and different responsibilities and accountability lines compared with State bodies.

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 thank Deputy Conway-Walsh. As she knows, there are a number of public bodies involved in the Rosslare Europort project. The total estimated cost of the project is €236 million, shared between the Department of Agriculture, Food and the Marine, the Department of Health and the Revenue Commissioners. The Revenue Commissioners portion of this is €81.255 million. There is...

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: It is collected by Revenue and goes into our system. I do not have the figures to hand. I am sure parliamentary questions could be asked or we can-----

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: It goes into the general customs heading in our framework. We have the information-----

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: Of course. Deputy Conway-Walsh wants to see the change since Brexit.

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: Yes, I understand that is correct.

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: Deputy Conway-Walsh is right. Human-to-human contact should be facilitated.

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: On that issue, I ask the committee to do its best to get the pre-legislative scrutiny done quickly so we can drive on and get this Bill passed into law.

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 thank the committee.

Written Answers — Department of Finance: Special Educational Needs (25 Jan 2024)

Michael McGrath: Section 114 of the Taxes Consolidation Act 1997 (TCA) provides for a tax deduction in respect of expenses incurred wholly, exclusively and necessarily by an individual in the performance of the duties of his or her employment. The flat rate expense (FRE) regime is operated by Revenue on an administrative basis where both a specific commonality of expenditure exists across an employment...

Written Answers — Department of Finance: Agriculture Industry (25 Jan 2024)

Michael McGrath: The Residential Zoned Land Tax (RZLT) is a new tax which 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...

Written Answers — Department of Finance: Tax Collection (25 Jan 2024)

Michael McGrath: As the Deputy will be aware the Department of Finance published an independent economic analysis into the possible effects of the Irish tax system on developing economies in 2015. The analysis, completed by the IBFD on behalf of the Department, was entitled ''Spillover Analysis Possible Effects of the Irish Tax System on Developing Economies' and included a baseline analysis of Ireland's tax...

Written Answers — Department of Finance: Departmental Meetings (25 Jan 2024)

Michael McGrath: During my engagements at the World Economic Forum in Davos, I had a wide range of political and business-related meetings, as well as a number of interviews with international media, and I participated in a number of discussion panels organised by the Forum. I can confirm to the Deputy that I did not have a bilateral meeting with any representatives of Amazon while in Davos. I did,...

Written Answers — Department of Finance: Departmental Schemes (25 Jan 2024)

Michael McGrath: The Disabled Drivers & Disabled Passengers Scheme provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as defined, as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief, the applicant must hold a...

Written Answers — Department of Finance: Tax Code (30 Jan 2024)

Michael McGrath: I assume the Deputy is referring to arrangements where: an investor commits through a binding contract to purchase residential properties from a developer before they are completed (forward funding agreement), or an investor commits through a binding contract to purchase residential properties from a developer upon completion (forward purchase agreement). I am advised by Revenue that...

Written Answers — Department of Finance: Tax Data (30 Jan 2024)

Michael McGrath: I am advised by Revenue that the 395 properties referred to in Parliamentary Question No. 359 of 17 January 2024 relate to information input by taxpayers on Section 31E returns filed for the year 2022. Section 31E refers to a Stamp Duty rate of 10% on cumulative purchases of ten or more houses in a 12-month period and is provided for in section 31E of the Stamp Duties Consolidation Act...

Written Answers — Department of Finance: Student Accommodation (30 Jan 2024)

Michael McGrath: The NTMA have informed me that the Ireland Strategic Investment Fund (ISIF) is a Sovereign Investment Fund with a mandate to invest on a commercial basis to support economic activity and employment in Ireland. ISIF focusses its efforts on making transformational investments across its impact themes of Climate, Housing and Enabling Investments, Scaling Indigenous Businesses, and Food and...