Results 2,021-2,040 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Primary Medical Certificates (12 Oct 2023)

Michael McGrath: Progress has been made on efforts to convene a new Disabled Drivers Medical Board of Appeals (DDMBA), to secure new hosting arrangements for the DDMBA and to recommence the appeals process. I have now formally appointed all five members to the new DDMBA. Funding arrangements between the Department of Finance and the Department of Health have been agreed. On this basis the National...

Written Answers — Department of Finance: Tax Code (12 Oct 2023)

Michael McGrath: I am advised by Revenue that all those in receipt of income liable to income tax are subject to an Income Tax assessment. Such income can be made up of many sources, including employment income, profit from a trade or profession, rental income, dividend income, and many other sources. The Deputy should note that the data presented on page 2 of Revenue’s Ready Reckoner (available at...

Written Answers — Department of Finance: Banking Sector (12 Oct 2023)

Michael McGrath: The Retail Banking Review, published by my Department in November 2022, concluded that cash, despite a decline in its usage, remains an important element of the payments system and the broader economy and it is essential that cash remains readily available to customers through ATMs and other means across the country. It also concluded that there was still reasonable access to cash at the...

Written Answers — Department of Finance: Transport Policy (11 Oct 2023)

Michael McGrath: Progress has been made on efforts to convene a new Disabled Drivers Medical Board of Appeals (DDMBA), to secure new hosting arrangements for the DDMBA and to recommence the appeals process. I have now formally appointed all five members to the new DDMBA. Funding arrangements between the Department of Finance and the Department of Health have been agreed. On this basis the National...

Written Answers — Department of Finance: Tax Data (11 Oct 2023)

Michael McGrath: I am advised by Revenue that the estimate of revenue accrued in a full year from the June and September 2023 restorations in Mineral Oil Tax (MOT) on petrol, diesel and marked gas oil, is €456.2m, comprising MOT of €410.4m and VAT of €45.8m.

Written Answers — Department of Finance: Departmental Data (11 Oct 2023)

Michael McGrath: I am informed by the FSPO that more than 80% of complaints that closed in 2022 were closed within 12 months of the complaint being made. Complaints were mainly closed through the Registration and Assessment, or Dispute Resolution (mediation) processes.For all complaints that closed in 2022, including both tracker mortgage complaints and other complaints, the average time from receipt of...

Written Answers — Department of Finance: Mortgage Interest Rates (11 Oct 2023)

Michael McGrath: Central Bank data published last month shows that, at end-June 2023, there were 712,347 private residential mortgage accounts for principal dwellings held in the State. The majority of these mortgage accounts (84%) are held by banks, with non-bank entities accounting for 16% of the total stock of PDH mortgage accounts. It should be noted that where a lender or creditor sells the benefits...

Written Answers — Department of Finance: Tax Code (11 Oct 2023)

Michael McGrath: I propose to take Questions Nos. 75 and 77 together. My Department and Revenue have, for some time, been aware of issues involving contractual arrangements which, in certain circumstances, has led to uncertainty within the General Practitioner (GP) community in relation to the tax treatment of General Medical Services (GMS) scheme income. Revenue issued guidance to tax practitioners...

Written Answers — Department of Finance: European Court of Justice (11 Oct 2023)

Michael McGrath: It has not been possible in the time available to compile the information sought in the Deputy's PQ. My officials will revert in writing to the Deputy when this is prepared.

Written Answers — Department of Finance: Departmental Data (11 Oct 2023)

Michael McGrath: The Central Bank of Ireland publishes quarterly statistics on mortgages. The most recent publication was on 15 September last and provides mortgage statistics for the second quarter of 2023. These statistical releases are publicly available on the Central Bank of Ireland webpage. According to the Central Bank of Ireland, at end-June, non-bank entities held 112,630 Private Dwelling House...

Financial Resolutions 2023 - Budget Statement 2024 (10 Oct 2023)

Michael McGrath: You are wrong.

Financial Resolutions 2023 - Budget Statement 2024 (10 Oct 2023)

Michael McGrath: As we stand here today, I believe there is so much in our country we can be proud of. CONCLUSION Full employment, a growing economy, budget surpluses, a national debt that is falling, a population that is rising, and now a plan to secure the future. We can never take any of this for granted and we must always strive to do better. Today’s budget provides help to households and...

Financial Resolutions 2023 - Budget Statement 2024 (10 Oct 2023)

Michael McGrath: I wish to announce a number of other new measures in budget 2024. An issue which has been regularly raised with me, including by colleagues across the House, is the VAT treatment of audio books and e-books. E-books are currently subject to a VAT rate of 9%, unlike printed books, which are zero-rated. Audio books are not currently included in the VAT zero-rating. Therefore, I have decided...

Financial Resolutions 2023 - Budget Statement 2024 (10 Oct 2023)

Michael McGrath: I welcome the opportunity to present budget 2024 to this House, alongside my colleague, the Minister, Deputy Donohoe. INTRODUCTION Budget 2024 is the first budget I will deliver as Minister for Finance. It is an enormous privilege to serve in this historic office and I have a deep sense of the responsibility that comes with it. As Minister for Finance, it is my role, working with...

Written Answers — Department of Finance: Motor Fuels (10 Oct 2023)

Michael McGrath: Ireland’s taxation of fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. ETD provisions on mineral oils are transposed into national law in Finance Act 1999 (as amended). Finance Act 1999 provides for the application of excise...

Written Answers — Department of Finance: Tax Forms (10 Oct 2023)

Michael McGrath: I am advised by Revenue that it has fifteen appointed Access Officers assigned across its operational divisions that deal directly with customers. Access Officers are responsible for assisting customers with disabilities to access the services provided by Revenue. In practical terms, Access Officers are a point of contact who arrange for the relevant customer service agents to answer the...

Written Answers — Department of Finance: Tax Code (10 Oct 2023)

Michael McGrath: As the Deputy will be aware, it is a longstanding practice of the Minister for Finance not to comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions. However some general information is provided below. 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...

Written Answers — Department of Finance: Tax Code (10 Oct 2023)

Michael McGrath: I am advised by Revenue that approved retirement funds (ARFs) are not pensions but post-retirement investment vehicles through which individuals can invest the proceeds of their pension fund at retirement and draw cash as required. By way of background, prior to the introduction of the ARF in Finance Act 1999, any person taking a pension from a Defined Contribution (DC) scheme or a...

Written Answers — Department of Finance: Tax Code (10 Oct 2023)

Michael McGrath: The Department of Enterprise, Trade and Employment has policy responsibility in relation to the national minimum wage and any changes to the national minimum wage are a matter for that Department and the Minister for Enterprise, Trade and Employment in the first instance. I am advised by Revenue that the estimated cost of increasing the upper end of the 2ndband of the USC by €2,840 to...

Written Answers — Department of Finance: Tax Yield (10 Oct 2023)

Michael McGrath: I am informed by Revenue that a taxpayer’s Income Tax liability is calculated on their total income from all sources, rather than being separately calculated for each source of income (such as rental income). For this reason, it is not possible to identify tax paid arising from rental income alone. The Deputy may be interested in Revenue’s publications on rental income, which...