Results 27,321-27,340 of 27,945 for speaker:Michael McGrath

Ceisteanna Eile - Other Questions: Departmental Reviews (10 Apr 2024)

Michael McGrath: I thank the Deputies. I got the appeals board back up and running. It is now working its way through the backlog. The latest information I have from the secretary of the board is that 834 appellants were on the waiting list as of 21 February. As I said, since the appeals process was reconstituted, 334 appeals have been assessed. The board has prioritised the waiting list using clinically...

Ceisteanna Eile - Other Questions: Tax Code (10 Apr 2024)

Michael McGrath: I understand that the Deputy is referring to the film industry stakeholder forum that took place on 8 February this year, convened by the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media, and in which I am aware the Deputy was a participant, as he said. The forum was attended by a broad range of stakeholders, including representative bodies from the Irish audiovisual sector,...

Ceisteanna Eile - Other Questions: Tax Code (10 Apr 2024)

Michael McGrath: Is that to sign?

Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Second Stage (10 Apr 2024)

Michael McGrath: I move: “That the Bill be now read a Second Time.” As announced at budget 2024, this Bill will provide the basis for two new funds: the future Ireland fund and the infrastructure, climate and nature fund. It will also provide for the dissolution of the National Reserve Fund. The Government’s approach to developing these two funds is based on the assumption that a...

Written Answers — Department of Finance: Fuel Prices (9 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 271 and 314 together. In 2022 in light of the acute impact rising prices were having on households and business, the Government provided for excise rate reductions in the order of 21, 16 and 5.4 cent per litre on petrol, auto diesel and Marked Gas Oil (MGO) respectively. These temporary reductions were due to end initially on 31 August 2022 but following...

Written Answers — Department of Finance: EU Agreements (9 Apr 2024)

Michael McGrath: The annual contribution of Ireland to the EU Budget from 2013 until 2023 is outlined in Table 1 below: Table 1. EU Budget payments 2013-2023 Year Payments to EU Budget €m 2013 1,726 2014 1,686 2015 1,952 2016 2,023 2017 2,016 ...

Written Answers — Department of Finance: EU Agreements (9 Apr 2024)

Michael McGrath: My Department collects data on Ireland’s EU Budget receipts, from relevant Government Department's, for the previous year on an annual basis for publication in the Department of Finance Budgetary Statistics and EU Transactions Reports. This operational data may be subject to revision and any updates which may be required are reflected in subsequent publication releases....

Written Answers — Department of Finance: Insurance Industry (9 Apr 2024)

Michael McGrath: As Minister for Finance, I am responsible for the development of the legal and policy framework governing financial regulation. As the Deputy will appreciate, I am unable to comment on individual cases, nor can I intervene in disputes that individuals may have with an insurance provider, including in the one specified. In situations where a person is not satisfied with the service of an...

Written Answers — Department of Finance: Illicit Trade (9 Apr 2024)

Michael McGrath: I am advised that Revenue has primary responsibility for the prevention, detection, interception and seizure of controlled drugs intended to be smuggled or illegally imported into, or exported from, the State. Revenue’s drugs interdiction strategy supports the Government’s strategic approach to the misuse of drugs under the National Drugs Strategy 2017-2025. The Government...

Written Answers — Department of Finance: Financial Irregularities (9 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 276 and 310 together. In November 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...

Written Answers — Department of Finance: Tax Data (9 Apr 2024)

Michael McGrath: An individual who is resident or ordinarily resident, but not domiciled in the State, is taxable on the remittance basis of tax in respect of foreign income and gains. Such individuals pay tax on: (1) Income and gains arising in Ireland, (2) Foreign income which they “remit” or bring into the State, and (3) Foreign gains which they remit into the State where the...

Written Answers — Department of Finance: Tax Data (9 Apr 2024)

Michael McGrath: An individual who is resident or ordinarily resident, but not domiciled in the State, is taxable on the remittance basis of tax in respect of foreign income and gains. Such individuals pay tax on: (1) Income and gains arising in Ireland, (2) Foreign income which they “remit” or bring into the State, and (3) Foreign gains which they remit into the State where the gain...

Written Answers — Department of Finance: Tax Credits (9 Apr 2024)

Michael McGrath: Mortgage Interest Tax Relief is available for home owners with an outstanding mortgage balance on their principal private residence of between €80,000 and €500,000 on 31 December 2022. It is available at the standard rate of income tax and is based on the increase in interest paid in 2023 over interest paid in 2022. The value of the relief will be equal to the lesser of...

Written Answers — Department of Finance: Tax Code (9 Apr 2024)

Michael McGrath: The Government remains committed to the environmental rationale behind the current emissions-based vehicle benefit-in-kind (BIK) regime, which has been in operation since 1 January 2023. Since this date, the amount taxable as BIK continues to be determined by the car’s Original Market Value (OMV) and the annual business kilometres driven, while new CO2 emissions-based bands determine...

Written Answers — Department of Finance: Official Travel (9 Apr 2024)

Michael McGrath: I wish to advise the Deputy that the information he has requested is provided below in tabular format. Please note that some details (invoices & credits) are yet to be received for the St. Patrick’s Day Programme visits and the Diplomatic visit to London. Date From Date To Ministerial Visit Attendees Travel Costs ...

Written Answers — Department of Finance: Departmental Properties (9 Apr 2024)

Michael McGrath: I wish to advise the Deputy that my Department is provided with accommodation by the OPW and does not own or lease any properties.

Written Answers — Department of Finance: European Investment Bank (9 Apr 2024)

Michael McGrath: At the outset, the Deputy should note that as Minister for Finance, I have no role in the draw-down of any loans that have been agreed between the European Investment Bank (EIB) and borrowers here in Ireland. This is a commercial matter between the EIB and its borrowers, and neither I, nor my Department, have information in relation to loans drawn down in Ireland that the Deputy is seeking....

Written Answers — Department of Finance: Vacant Properties (9 Apr 2024)

Michael McGrath: The Living City Initiative (LCI) is a modest, targeted, measure which is aimed at very specific areas in urgent need of regeneration, it is provided for under sections 372AAA to 372AAD of the Taxes Consolidation Act 1997. It offers income or corporation tax relief for qualifying expenditure incurred in the refurbishment and conversion of qualifying residential and commercial buildings located...

Written Answers — Department of Finance: Vacant Properties (9 Apr 2024)

Michael McGrath: The Vacant Homes Tax (VHT) as announced in Budget 2023, aims to increase the supply of homes for rent or purchase to meet demand. Legislative provision for the tax was made in the Finance Act 2022. A residential property is in the scope of VHT, if it has been occupied as a dwelling for less than 30 days in a chargeable period. The first chargeable period for VHT commenced on 1 November...

Written Answers — Department of Finance: Tax Credits (9 Apr 2024)

Michael McGrath: I am aware of the contents of the Committee on Budgetary Oversight’s Report on Section 481 Film Tax Credit and that its recommendations cover a number of themes and policy areas for which responsibility lies across a number of Departments, and indeed, recommendations for action by the Committee itself. With regard to the recommendations wholly or partially directed to my...