Results 27,161-27,180 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Revenue Commissioners (27 Feb 2024)

Michael McGrath: I am advised by Revenue that it currently operates 3 mobile container x-ray scanners, 1 x-ray backscatter van and 1 mobile baggage scanner van. In addition, Revenue has recently completed a tender for a second mobile baggage scanner van which will be based in Dublin but deployed in various locations nationwide as operational requirements dictate. This van is due for delivery in mid-2024 and...

Written Answers — Department of Finance: Student Accommodation (27 Feb 2024)

Michael McGrath: Information in relation to Section 50 tax expenditures provided to purpose-built student accommodation for the years 2011-2021 are published on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/costs-expenditures.aspx. I am advised by Revenue that the estimated tax cost of claims under the ‘Student Accommodation Scheme’...

Written Answers — Department of Finance: Tobacco Control Measures (27 Feb 2024)

Michael McGrath: I propose to take Questions Nos. 150 and 151 together. I am advised by Revenue that the table below shows the annual increases in the retail price of the most popular price category (MPPC) for a 20 pack of cigarettes since 2011, together with the portions related to tax increases and trade increases. Year MPPC 1 January € Tax Increase € ...

Written Answers — Department of Finance: Illicit Trade (27 Feb 2024)

Michael McGrath: I propose to take Questions Nos. 152 and 153 together. I am assured that Revenue is committed to targeting the illicit tobacco trade and implements a range of measures to identify and target the smuggling, supply or sale of illicit tobacco products, with a view to disrupting the supply chain, seizing the products and, where possible, prosecuting those involved. Revenue’s strategy...

Written Answers — Department of Finance: Tax Reliefs (27 Feb 2024)

Michael McGrath: In relation to the constituent's entitlement to tax reliefs in respect of student fees and rent paid, the following matters are relevant. Section 473A of the Taxes Consolidation Act 1997 provides for tax relief on third-level tuition fees where an individual incurs “qualifying fees” in respect of an “approved course”. I am advised by Revenue that qualifying...

Written Answers — Department of Finance: Tax Credits (27 Feb 2024)

Michael McGrath: The research and development (R&D) corporation tax credit, as provided for in Part 29 of the Taxes Consolidation Act 1997, is available to companies, including companies operating in the green technology space, which are within the charge to Irish tax and which incur expenditure on qualifying R&D activities. The legislation is supplemented by the Taxes Consolidation Act 1997...

Written Answers — Department of Finance: Revenue Commissioners (27 Feb 2024)

Michael McGrath: I am advised by Revenue that the estimation of tax overpaid by PAYE taxpayers is based on the total of all Preliminary End of Year Statements (PEOYS) where an overpayment of tax is indicated. The PEOYS is made available to all PAYE taxpayers at the end of each tax year and sets out the provisional tax position for that particular year, indicating whether the correct amount of tax and/or...

Written Answers — Department of Finance: Revenue Commissioners (27 Feb 2024)

Michael McGrath: I am advised by Revenue that property owners who fail to comply with their Local Property Tax (LPT) obligations are subject to a range of collection and enforcement options including the charging of interest on late payments. Where LPT remains unpaid, taxpayers are informed in writing that interest will apply on the late payment. The current interest rate for late payments of LPT, which...

Written Answers — Department of Finance: Financial Services (27 Feb 2024)

Michael McGrath: I am advised by Revenue that, while the majority of PAYE taxpayers who file returns now do so themselves, a taxpayer may engage an agent to act on their behalf. This is a commercial and professional engagement between the taxpayer and the agent. However it does not remove the responsibility on the taxpayer to ensure that any claim made on their behalf is correct. Revenue has no role...

Written Answers — Department of Finance: Tax Data (27 Feb 2024)

Michael McGrath: The Help to Buy (HTB) initiative announced in Budget 2017 is an income tax incentive measure designed to assist first-time buyers with the deposit required to purchase or self-build a new house or apartment to live in as their home. With a view to increasing the supply of new housing and stimulating demand, the relief is only available in respect of new builds. In the July 2020 stimulus...

Written Answers — Department of Finance: Tax Credits (27 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: Data Centres (27 Feb 2024)

Michael McGrath: In relation to my Department, I wish to advise that ICT services are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure NDP Delivery and Reform. OGCIO’s Managed Desktop and Managed Hosting services uses a number of data centres which are ISO 27001 certified and are located across Dublin City and the greater Dublin...

Written Answers — Department of Finance: Motor Fuels (28 Feb 2024)

Michael McGrath: As the Deputy will be aware, in 2022 in light of the acute impact rising prices were having on households and business, Government provided for excise rate reductions in the order of 21, 16 and 5.4 cent per litre on petrol, diesel and Marked Gas Oil (MGO) respectively. These temporary reductions were due to end initially on 31 August 2022 but following review and monitoring of fuel prices...

Written Answers — Department of Finance: Prize Bonds (28 Feb 2024)

Michael McGrath: In answer to the Deputy's question the National Treasury Management Agency (NTMA) have provided me with the attached table detailing prize bonds from 2014 to date. NTMA Response to PQ 9464/24 The total value of funds invested in Prize Bonds in each year from 2014 to date; the total value of prizes won in the same period and the total value of prizes won from 2014 to date expressed as a...

Written Answers — Department of Finance: Tax Yield (28 Feb 2024)

Michael McGrath: I am advised by Revenue that, based on stamp duty returns for 2023, the latest year for which fully analysed data are available, the estimated cost of abolishing stamp duty for first-time buyers of homes of less than €385,000 is in the order of €31 million. This estimate is arrived at by taking the stamp duty returns for residential property purchases made by persons...

Written Answers — Department of Finance: Vehicle Registration Tax (28 Feb 2024)

Michael McGrath: I am advised by Revenue that a VRT late charge is calculated when a vehicle has not been registered within the specified time limit of 30 days. The total amount of VRT due and payable is increased by the addition of the VRT late charge. The VRT late charge is calculated using the formula A x P x N, where ‘A’ is the amount of vehicle registration tax calculated,...

Written Answers — Department of Finance: State Bodies (28 Feb 2024)

Michael McGrath: The Financial Services and Pensions Ombudsman (FSPO) is an important part of the robust consumer protection framework in place for consumers of financial services and products in Ireland. It 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 has informed me that it understands the...

Written Answers — Department of Finance: Revenue Commissioners (28 Feb 2024)

Michael McGrath: Revenue’s role in the area of the determination of employment status is to determine the employment status of an individual for income tax purposes. Meanwhile responsibility for PRSI classification rests with the Department of Social Protection and matters relating to workers’ rights fall within the remit of the Workplace Relations Commission (WRC), which operates under the...

Written Answers — Department of Finance: Tax Code (28 Feb 2024)

Michael McGrath: When a vehicle is brought into an EU Member State, a liability to VAT may arise depending on the place from which the vehicle is coming and whether the vehicle is regarded as new. As regards the movement of vehicles between Member States, VAT arises where a vehicle falls within the meaning of a “new means of transport”, which is a vehicle which is 6 months old or less, or has...

Written Answers — Department of Finance: Customs and Excise (29 Feb 2024)

Michael McGrath: As the Deputy will be aware, in 2022 in light of the acute impact rising prices were having on households and business, Government provided for excise rate reductions in the order of 21, 16 and 5.4 cent per litre on petrol, diesel and Marked Gas Oil (MGO) respectively. These temporary reductions were due to end initially on 31 August 2022 but following review and monitoring of fuel prices...