Results 27,061-27,080 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Revenue Commissioners (7 Feb 2024)

Michael McGrath: In relation to the matter raised by the Deputy, I am advised by Revenue that the person concerned has been in correspondence with them in relation to this matter and clarification on the matter has been provided to the person directly.

Written Answers — Department of Finance: Departmental Advertising (7 Feb 2024)

Michael McGrath: The information requested by the Deputy in relation to the amount spent by my Department on advertising from 2013 to date in 2023 is set out in tabular form below, which includes both traditional and online advertising. The Department is not in a position to demarcate online spend from other forms of expenditure, as some advertising will inevitably involve both. Year ...

Written Answers — Department of Finance: Departmental Contracts (7 Feb 2024)

Michael McGrath: I wish to inform the Deputy that my Department does not currently employ any persons or firms to deal with public relations. From August 2019 to January 2020, my Department had a public relations contract with Daniel J. Edelman Ireland Limited. This contract was for the provision of specialist advice on using social media in overseas markets to promote Ireland for Finance. The value of this...

Written Answers — Department of Finance: Departmental Expenditure (7 Feb 2024)

Michael McGrath: The legal costs incurred by my Department were not collated centrally until recent years. Below is a table of the amount spent on legal costs or legal services by the Department of Finance in recent years. Please note that a search of official records indicates expenditure on legal fees incurred by the Shareholding & Financial Advisory Division from 2014 to 2019, while 2020 to date...

Written Answers — Department of Finance: Departmental Expenditure (7 Feb 2024)

Michael McGrath: I wish to advise the Deputy that the procurement of office space is the responsibility of the Office of Public Works. Please find attached tables which contain expenditure figures in respect of Office Furniture and Fittings and ICT for the past 10 years. This is based on the expenditure as per our financial reporting systems. Year Office Furniture and Fittings Spend...

Written Answers — Department of Finance: Company Law (7 Feb 2024)

Michael McGrath: In November of 2022, the Court of Justice of the European Union ruled in Joined Cases C-37/20 and C-601/20, that a provision of the EU AML directive, under which information on the beneficial ownership of corporate and other legal entities, held in central registers, must be provided to the general public, is invalid. The Court found that the provision interfered with the rights recognised in...

Written Answers — Department of Finance: Tax Reliefs (7 Feb 2024)

Michael McGrath: Section 470 of the Taxes Consolidation Act 1997 (TCA 1997) provides for tax relief in respect of payments made to authorised insurers under relevant contracts in respect of medical insurance and dental insurance. Qualifying medical insurance policies can be for health insurance, dental insurance or health and dental insurance combined. Tax relief is given as a reduction on the cost of the...

Written Answers — Department of Finance: Tax Credits (7 Feb 2024)

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. I am advised by Revenue that the Rent Tax Credit statistics currently available refer only to claims by PAYE taxpayers. Data on claims by self-assessed...

Written Answers — Department of Finance: Tax Code (7 Feb 2024)

Michael McGrath: The Deputy should note that VAT operates in two monthly cycles. The estimated cost of reducing the VAT rate to 9% for those sectors that previously had a 9% rate applied is €521million for the period 1 March to 31 October, and €653 million for the period 1 March to 31 December 2024.

Written Answers — Department of Finance: Departmental Schemes (7 Feb 2024)

Michael McGrath: The Tax Debt Warehousing Scheme has provided vital and practical liquidity support to businesses during the COVID pandemic and subsequent cost of living challenges by assisting businesses with their cash-flow during difficult trading periods, thereby preventing business failure. The scheme allowed businesses to temporarily defer VAT and Employer PAYE, certain self-assessed income tax...

Written Answers — Department of Finance: Revenue Commissioners (7 Feb 2024)

Michael McGrath: In relation to the matter raised by the Deputy, I am advised by Revenue that they have been engaged with the representative of the person concerned and have set out the necessary steps to be completed so that the matter can be concluded. On foot of the Deputy’s query, I am advised by Revenue that they will make further contact with the representative of the person concerned in the...

Written Answers — Department of Finance: Alcohol Pricing (7 Feb 2024)

Michael McGrath: I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide an accurate costing for the measure outlined.

Written Answers — Department of Finance: Tax Credits (7 Feb 2024)

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 is available in respect of qualifying payments made during the years 2022 to 2025. Claims for the Rent Tax Credit for 2022 and 2023 can be made by completing an Income Tax Return. For self-assessed taxpayers, an income tax return can be filed through the Revenue...

Written Answers — Department of Finance: Tax Code (8 Feb 2024)

Michael McGrath: I propose to take Questions Nos. 159 to 161, inclusive, together. The Residential Zoned Land Tax (RZLT) is a new tax introduced in Finance Act 2021 which 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...

Written Answers — Department of Finance: Tax Reliefs (8 Feb 2024)

Michael McGrath: I assume that the Deputy’s question relates to PAYE taxpayers. I am advised by Revenue that, where an income tax return is not completed, it is not possible for Revenue to know if a taxpayer may be due additional credits or reliefs. Therefore, it is not possible to provide the Deputy with an estimated amount of unclaimed tax reliefs in each of the years requested. Some taxpayers may...

Written Answers — Department of Finance: Tax Credits (8 Feb 2024)

Michael McGrath: I propose to take Questions Nos. 163 and 164 together. The Blind Person’s Tax Credit was last increased in Budget 2008 from €1,760 to €1,830 for single persons and from €3,520 to €3,660 for a married couples or civil partners. It should be noted that as part of the suite of measures to deliver fiscal consolidation in Budget 2011, the Blind...

Written Answers — Department of Finance: Tax Rebates (8 Feb 2024)

Michael McGrath: I am advised that Revenue has received four separate claims for refunds under the Value-Added Tax (Refund of Tax) (Flat-rate Farmers) Order 2012 from the person concerned. The peak filing period for these claims is between mid-November (the Income Tax filing period) and late January, hence Revenue has experienced a large volume of claims and is currently addressing a 6-week backlog. The...

Written Answers — Department of Finance: Financial Services (8 Feb 2024)

Michael McGrath: The Financial Services and Pensions Ombudsman (FSPO) plays a vital role in the financial consumer protection framework in Ireland. The FSPO is committed to providing a receptive service that is delivered in an accessible and inclusive manner, responsive to the needs of its customers. The FSPO adheres to ‘Our Public Service’, a framework developed by the Department of Public...

Written Answers — Department of Finance: Financial Services (8 Feb 2024)

Michael McGrath: Consumers can make a complaint against a “financial service provider", as defined in section 2 of the Financial Services and Pensions Ombudsman Act, 2017, as amended (the “2017 Act”). This definition includes a “regulated financial service provider” within the meaning of section 2(1) of the Central Bank Act 1942, as amended. The functions and powers of...

Written Answers — Department of Finance: Financial Services (8 Feb 2024)

Michael McGrath: The majority of staff employed with the Financial and Pension Services Ombudsman (FSPO) are deemed to handle complaints, primarily as assigned case owners. The exceptions to this are staff working in support areas such as Corporate Services, HR and ICT. Complaint handlers, as at year end, 31 December 2019, 2020, 2021, 2022 and 2023 - 2019 2020 2021 ...