Results 27,461-27,480 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Customs and Excise (24 Apr 2024)

Michael McGrath: Mobile x-ray scanners and detector dog teams, which are integral components of Revenue’s response framework targeting fraud, illicit trade, smuggling and organised crime, are just a component of a suite of resources, detection equipment and technologies deployed by it, in addition to the application of the comprehensive legal framework in place as set out in relevant tax and customs...

Written Answers — Department of Finance: Vehicle Registration Tax (24 Apr 2024)

Michael McGrath: The guidelines for VRT Registration can be found at the following website: www.revenue.ie/en/tax-professionals/tdm/vehicle-registration -tax/vrt-manual-section-01.pdf. If the Deputy has a specific case he wishes to highlight I am happy to share any details he can provide with the Revenue Commissioners.

Written Answers — Department of Finance: Departmental Advertising (24 Apr 2024)

Michael McGrath: The Department of Finance had no advertising spend in the years 2022 and 2023.

Written Answers — Department of Finance: Departmental Contracts (24 Apr 2024)

Michael McGrath: Since the Global Disinformation Index was established in 2018, neither my Department nor my officials have engaged the services of or allocated the company funding or support in any capacity.

Written Answers — Department of Finance: Banking Sector (25 Apr 2024)

Michael McGrath: I would note that, in the first instance, the nature of policies such as those highlighted by the Deputy are independent commercial decisions. However, cash has an important role in both society and the economy. One way I am working to protect that role is through the Access to Cash Bill 2024. The General Scheme of the Bill was published on 23 January 2024, and aims to ensure that...

Written Answers — Department of Finance: State Properties (25 Apr 2024)

Michael McGrath: I wish to advise the Deputy that, NAMA does not own properties. On establishment, NAMA acquired loans from participating institutions for which properties act/acted as security. NAMA’s portfolio has been significantly deleveraged and its remaining secured property portfolio is largely concentrated in the residential development land sector and not individual property units. NARPS...

Written Answers — Department of Finance: Tax Code (25 Apr 2024)

Michael McGrath: Stamp duty applies to the acquisition of residential property at a rate of 1% on the transfer of ownership of property with a value of up to €1m and 2% on any balance over €1m. The bulk purchase of houses (not apartments) i.e. the acquisition of 10 or more in any 12-month period, triggers a 10% stamp duty rate. If triggered, it will also be applied to all of the up to 9...

Written Answers — Department of Finance: Housing Schemes (25 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 155, 156, 157, 158, 159, 160 and 161 together. Help to Buy is a demand led scheme which is subject to a broad range of variables, including housing completion rates and prices. For the purposes of the Budget 2023 documentation, a figure of €175 million was estimated as the full year cost going forward. For the purposes of the Budget 2024 documentation,...

Written Answers — Department of Finance: Tax Code (25 Apr 2024)

Michael McGrath: I am advised by Revenue that a Tax Credit Certificate, confirming tax credit and rate band allocations for 2024, issued to the person concerned on 11 December 2023 via Revenue’s myAccount facility. Revenue further confirm that the person concerned is in receipt of all appropriate tax credits and rate band allowances for 2024. Should the person concerned require any further...

Written Answers — Department of Finance: Banking Sector (25 Apr 2024)

Michael McGrath: There is a robust regulatory framework governing the provision and management of credit agreements provided to consumers. Within the scope of the financial services legislative and regulatory framework, any entity which in involved in the business of providing mortgages to consumers must be regulated by the Central Bank of Ireland as a credit institution or a retail credit firm. ...

Petrol and Diesel Excise Rate Increases: Motion [Private Members] (30 Apr 2024)

Michael McGrath: I move: To delete all the words after "Dáil Éireann" and substitute the following: "notes that: — the volatility in fuel prices experienced now and over the last two years is due to a variety of geopolitical issues, including conflict in the Middle East and Ukraine, none of which the Government has control or influence over; — crude oil is an internationally...

Written Answers — Department of Finance: Vehicle Registration Tax (30 Apr 2024)

Michael McGrath: Imported vehicles which have been registered previously in another jurisdiction and imported into Ireland are registered with and pay VRT to the Revenue Commissioners. The Minister for Finance can outline the numbers of Ukrainian vehicles that have re-registered in Ireland in this way since 2022. Once an imported vehicle is re-registered in Ireland it is immediately treated the same way...

Written Answers — Department of Finance: Ports Policy (30 Apr 2024)

Michael McGrath: I am advised by Revenue that x-ray scanners, which are an integral component of its response framework targeting fraud, illicit trade, smuggling and organised crime, are just one component of a suite of resources, detection equipment and technologies deployed by them, in addition to the application of the comprehensive legal framework as set out in relevant tax and customs legislation....

Written Answers — Department of Finance: Pension Provisions (30 Apr 2024)

Michael McGrath: The Deputy has raised the important matter of plans designed to incentive young people to invest in retirement. Supplementary pensions have their own special treatment within the tax system to encourage these preparations, referred to as an exempt-exempt-taxed or EET system. Contributions to pensions, within certain limits, are exempted from income tax, pension fund gains are exempted from...

Written Answers — Department of Finance: Tax Reliefs (30 Apr 2024)

Michael McGrath: Section 473A of the Taxes Consolidation Act (TCA) 1997 provides for tax relief at the standard rate of income tax (20%) in respect of “qualifying fees” paid by an individual for a third level education course, subject to the terms and conditions set out in the legislation. “Qualifying fees” broadly means tuition fees in respect of an approved course at an...

Written Answers — Department of Finance: Customs and Excise (30 Apr 2024)

Michael McGrath: I propose to take Questions Nos. 227 and 235 together. The Finance Act 1999 provides for the application of excise duty, in the form of Mineral Oil Tax (MOT), to liquid fuels used for motor or heating purposes. MOT comprises a carbon component, or carbon charge, which is usually referred to as carbon tax. MOT also comprises a non-carbon component which is often referred to as...

Written Answers — Department of Finance: Broadband Infrastructure (30 Apr 2024)

Michael McGrath: I can advise the Deputy that the Data and Telephony, which is voice over IP (VOIP), communication lines for my Department are fibre optic communication lines. There are 36 copper communication lines in operation across my Department and the Department of Public Expenditure, NDP Delivery and Reform (as part of a shared services arrangement whereby my Department pays the monthly costs)....

Written Answers — Department of Finance: Tax Rebates (30 Apr 2024)

Michael McGrath: As the Deputy will be aware, the VAT treatment of goods and services is subject to the requirements of EU VAT law with which Irish VAT law must comply. Under the EU VAT Directive it is not possible for Ireland to introduce a VAT refund scheme for first time buyers of homes.

Written Answers — Department of Finance: Business Supports (30 Apr 2024)

Michael McGrath: Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provided for the Employment Wage Subsidy Scheme (EWSS), which was an economy-wide enterprise support provided to eligible businesses in respect of eligible employees. Eligibility to EWSS was based on the employer demonstrating that its business was likely to experience a 30 per cent reduction in turnover or...

Written Answers — Department of Finance: Tax Credits (30 Apr 2024)

Michael McGrath: The position is that the tax code provides for a number of tax measures for those aged 65 and over. This includes section 464 Taxes Consolidation Act 1997 which provides for the Age Tax Credit for individuals aged 65 or over. The credit is due in the year that an individual reaches the age of 65 and is granted for the full tax year. The current value of the tax credit is €245 per...