Results 27,181-27,200 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Code (29 Feb 2024)

Michael McGrath: Section 472B of the Taxes Consolidation Act 1997 provides for the Seafarers' Allowance which is intended to support those working in the commercial maritime sector. I am advised by Revenue, that the estimated cost and number of claimants for the allowance for seafarers, for the years 2004-2021, are included in the ‘Cost of Tax Expenditures’ publication which is available on...

Written Answers — Department of Finance: Planning Issues (29 Feb 2024)

Michael McGrath: The Residential Zoned Land Tax (RZLT) was introduced in Finance Act 2021 and 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: EU Funding (29 Feb 2024)

Michael McGrath: My Department does not have responsibility for the management of specific EU funds, which are managed individually by Departments with the relevant lead policy responsibilities. That said, my Department plays a key role in the management of the EU budgetary process. This includes leading negotiations on the annual EU Budget as well as forecasting Ireland’s contributions and...

Written Answers — Department of Finance: Revenue Commissioners (29 Feb 2024)

Michael McGrath: I am advised by Revenue that it carried out twelve planned and six unplanned visits to Weston Airport in 2004. Given the passage of time, the start and end dates and the names of the operations, if any, are not available.

Written Answers — Department of Finance: Tax Reliefs (5 Mar 2024)

Michael McGrath: In relation to the Deputy’s question regarding tax reliefs in respect of student fees and rent paid for third level education in the UK, 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”. ...

Written Answers — Department of Finance: Financial Services (5 Mar 2024)

Michael McGrath: I am aware of the matter that the Deputy has raised. I have not received any correspondence from the Central Bank on this matter. I have been informed by the Central Bank that it does not have any details of the number of Irish investors in this fund. Investors should be aware that the value of their investments may go down as well as up and the Investor Compensation Scheme - which deals...

Written Answers — Department of Finance: Tax Credits (5 Mar 2024)

Michael McGrath: The rent tax credit was introduced by Finance Act 2022 and will be available in respect of qualifying payments made during the 2022 to 2025 years of assessment inclusive. There is nothing in the arrangements in place for the rent tax credit that seeks to expressly exclude those in receipt of State Pensions from qualifying for the relief. While it is not possible to determine why this the...

Written Answers — Department of Finance: Tax Data (5 Mar 2024)

Michael McGrath: I am advised by Revenue that the Form 11 tax returns capture information on self-declared incomes from a trade, profession, or vocation. This activity is described by the taxpayer on their return in a free-text manner, and as such there is a huge variance in the way activities are described by taxpayers. It is therefore not possible to produce exact figures on those taxpayers who are...

Written Answers — Department of Finance: Primary Medical Certificates (5 Mar 2024)

Michael McGrath: The Deputy will be aware that the final report of the National Disability Inclusion Strategy (NDIS) Transport Working Group's review of mobility and transport supports including the Disabled Drivers and Disabled Passenger’s Scheme (DDS), endorsed proposals for a modern, fit-for-purpose vehicle adaptation scheme in line with international best practice that would replace the DDS. ...

Written Answers — Department of Finance: Tax Exemptions (5 Mar 2024)

Michael McGrath: As the Deputy will be aware, the age exemption applies for any year of assessment where an individual is aged 65 years or over and his or her total income does not exceed €18,000 per annum. Where an individual is a married person or civil partner and is jointly assessed to tax, the age exemption will apply where either individual is aged 65 or over and where the couple’s total...

Written Answers — Department of Finance: Motor Fuels (5 Mar 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: Departmental Properties (5 Mar 2024)

Michael McGrath: I wish to advise the Deputy that as the OPW manage and maintain the states portfolio of properties they would be responsible for all ground rent related matters. My Department is provided with accommodation by the OPW. The Department does not pay ground rent. In relation to the bodies under the aegis of my Department, the National Asset Management Agency (NAMA) has advised as follows:...

Written Answers — Department of Finance: Banking Sector (5 Mar 2024)

Michael McGrath: The Central Bank of Ireland, as part of its mandate to preserve and protect financial stability, has statutory responsibility for the regulation of mortgage lending by banks and other regulated mortgage lending institutions operating in Ireland. In line with this mandate, there are certain regulatory requirements lenders have to meet when providing mortgage credit to consumers. For example,...

Written Answers — Department of Finance: Banking Sector (5 Mar 2024)

Michael McGrath: The NTMA have informed me that they contacted An Post in relation to the matured products as included in the details supplied and understand that An Post has requested additional information from the customer, which at the time of writing remains outstanding.

Written Answers — Department of Finance: Active Travel (5 Mar 2024)

Michael McGrath: I propose to take Questions Nos. 225 and 226 together. Section 118(5G) of the Taxes Consolidation Act 1997 (TCA) provides for the Cycle to Work scheme. This scheme offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. Associated safety...

Written Answers — Department of Finance: Tax Data (5 Mar 2024)

Michael McGrath: I propose to take Questions Nos. 227, 228 and 229 together. In relation to question 10488/24, I am informed by Revenue that the number of category A vehicles charged with the nitrogen dioxide emissions (NOx) levy in 2022, 2023, and to date in 2024, along with the revenue raised each year, is provided in the table below. Year Number of registrations (NOx levy applied)...

Written Answers — Department of Finance: Tax Data (5 Mar 2024)

Michael McGrath: I am advised by Revenue that its Ready Reckoner for calculating the impact of potential changes in rates of taxation can be used to estimate the effect of changes to the carbon tax rate by extrapolating from the information on page 23. The Ready Reckoner is available at: www.revenue.ie/en/corporate/information-about-revenue/statis tics/ready-reckoner/index.aspx. These estimates assume no...

Written Answers — Department of Finance: Raidió Teilifís Éireann (5 Mar 2024)

Michael McGrath: I am advised that Revenue is precluded under Section 851A of the Taxes Consolidation Act 1997 from commenting on the tax affairs of an individual, business or entity. Revenue is, therefore, not in a position to comment on the specific case or details referred to in this question. However, I can point to information disclosed by the former Director General of RTÉ, Ms Dee Forbes, at a...

Written Answers — Department of Finance: Regulatory Bodies (5 Mar 2024)

Michael McGrath: It is assumed that the Deputy is referring to the Central Bank macro prudential rules in relation to the provision of residential mortgage credit. These borrower based mortgage lending measures were introduced in February 2015 and prior to that date, no comparable mortgage lending rules were in place. However, in 2007 mortgage lenders were subject to the Consumer Credit Act 1995 and where...

Written Answers — Department of Finance: Tax Collection (5 Mar 2024)

Michael McGrath: I am advised by Revenue that the person concerned submitted an Income Tax Return for 2019 on 31 December 2023, and that the associated Statement of Liability (SOL), confirming the person’s final tax position for 2019, issued electronically via MyAccount on 8 January 2024. Revenue have further advised me that a copy of the SOL also issued to the person concerned via post on 29...