Results 2,801-2,820 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Exemptions (30 May 2023)

Michael McGrath: As the Deputy will be aware VAT operates on two monthly cycles, consequently the Dáil passed a Financial Resolution on 18 April 2023 to allow this important measure in relation to solar panels to come into effect on 1 May, which was the start of the next VAT period. If I had waited until the Finance Bill passed through the Oireachtas and was signed into law, the measure would not...

Written Answers — Department of Finance: Tax Code (30 May 2023)

Michael McGrath: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they are exempt from VAT or fall within Annex III of the Directive, in respect of which Member States may apply reduced rates of VAT. Under VAT law,...

Written Answers — Department of Finance: Tax Yield (30 May 2023)

Michael McGrath: I propose to take Questions Nos. 224 and 225 together. I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide an accurate estimate of VAT collected on the assistive technology scheme in schools using information provided on tax returns.

Written Answers — Department of Finance: Departmental Expenditure (30 May 2023)

Michael McGrath: I wish to advise the Deputy that the following payments were made by my Department in 2022. Consulting firms €608,133 Accountancy firms €0 Legal costs €232,057 HR Specialists €9,322 *Consultancy - €168,790 was recouped from the banks **HR Specialists -...

Written Answers — Department of Finance: Financial Services (30 May 2023)

Michael McGrath: I propose to take Questions Nos. 227 and 228 together. There is a comprehensive consumer protection framework in place to ensure that Central Bank regulated entities are transparent and fair in all their dealings with borrowers, and that borrowers are protected from the beginning to the end of the mortgage life cycle; for example, through protections at the initial marketing/advertising...

Written Answers — Department of Finance: Ealaín na Gaeltachta (25 May 2023)

Michael McGrath: Soláthraítear le halt 481 faoiseamh i bhfoirm creidmheas cánach corparáide a bhaineann le costas léiriúcháin scannán áirithe. Tá sé mar aidhm leis an scéim gníomhú mar spreagthach le haghaidh tionscal scannán dúchasach a chruthú sa Stát, agus deiseanna fostaíochta ar ardchaighdeán á...

Written Answers — Department of Finance: Bus Services (25 May 2023)

Michael McGrath: I am advised by Revenue that the VAT rating of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they are exempt from VAT or fall within Annex III of the Directive, in which case lower VAT rates may apply subject to certain rules. Currently Ireland has...

Written Answers — Department of Finance: Data Protection (25 May 2023)

Michael McGrath: It is currently against the Department of Public Expenditure, NDP Delivery and Reform Internet Content Policy, which my Department adheres to, to access the sites/applications from the company in question. In addition my Department requires all users of official devices to exercise appropriate discretion in their use of these devices in compliance with our Mobile Phone Policy, ICT Acceptable...

Written Answers — Department of Finance: Renewable Energy Generation (25 May 2023)

Michael McGrath: From 1 May 2023, and in accordance with the EU VAT Directive and Irish legislation, the supply and installation of solar panels on or adjacent to immovable property, being private dwellings, is subject to the zero rate of VAT. For the zero rate to apply, both the supply of the solar panels and their installation must be the responsibility of the same business in the same supply (i.e. a...

Written Answers — Department of Finance: Tax Code (25 May 2023)

Michael McGrath: Professional Services Withholding Tax (PSWT) is a deduction at the standard rate of income tax, currently 20%, from relevant payments made by accountable persons to specified persons in respect of certain professional services. The tax deducted is a payment on account against the specified person’s final Income Tax or Corporation Tax liability for the year, with the amount of PSWT...

Written Answers — Department of Finance: Primary Medical Certificates (25 May 2023)

Michael McGrath: The Disabled Drivers and Disabled Passengers Scheme provides relief from Vehicle Registration Tax and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. The Scheme is open to severely and permanently disabled persons as a driver or as a passenger and also to certain charitable organisations. In order to qualify for relief, the applicant must hold a Primary...

Written Answers — Department of Finance: Tax Exemptions (25 May 2023)

Michael McGrath: I am advised by Revenue that the VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In general, the Directive provides that all goods and services are liable to VAT at the standard rate unless they are exempt from VAT or fall within Annex III of the Directive, in respect of which Member States may apply reduced rates of VAT. Under the...

Written Answers — Department of Finance: Tax Rebates (25 May 2023)

Michael McGrath: I am advised by Revenue that the Value Added Tax (Refund of Tax) (No 15) Order 1981 provides for the refund of VAT incurred on qualifying goods for the use of persons with a disability. The Order specifies the degree of disability and defines the qualifying goods as goods which are aids or appliances, including parts and accessories, specially constructed or adapted for use by a disabled...

Written Answers — Department of Finance: Departmental Data (25 May 2023)

Michael McGrath: The CSO publishes data on annual median earnings in its Earnings Analysis Using Administrative Data publication. The most recent iteration published on the 5th May of this year contains data on median earnings developments up to 2021. According to the release, annual median earnings increased by 1.6 per cent in 2021 to €41,222; and by 21.6 per cent in the five years to 2021. The latest...

Written Answers — Department of Finance: Tax Code (25 May 2023)

Michael McGrath: I assume the Deputy is referring to a recent Tax Appeals Commission decision, whereby it was determined that the disposal of a portfolio of loans by a non-resident bank constituted the disposal of “an interest in land” which is within the charge to Irish capital gains tax (CGT) imposed on non-residents as provided for in section 29(3) of the Taxes Consolidation Act (TCA) 1997....

Finance Act 2022 (Temporary Business Energy Support Scheme) (Specified Period) (No. 2) Order 2023: Motion (24 May 2023)

Michael McGrath: I move: That Dáil Éireann approves the following Regulations in draft: Finance Act 2022 (Temporary Business Energy Support Scheme) (Specified Period) (No. 2) Order 2023, a copy of which was laid in draft form before Dáil Éireann on 19th May, 2023.

Written Answers — Department of Finance: Tax Yield (24 May 2023)

Michael McGrath: I propose to take Questions Nos. 73 and 74 together. On May 10, my Department published a scoping paper entitled ‘Future-proofing the Public Finances – the Next Steps’. The paper outlines the pros and cons around the establishment of a long-term public savings vehicle. The paper addresses two key policy questions facing Government at present. On the revenue side,...

Written Answers — Department of Finance: Tax Rebates (24 May 2023)

Michael McGrath: Section 98 of Finance Act 1999 provides for a relief from Mineral Oil Tax (MOT) for certain heavy oils and liquified petroleum gas used in horticultural production and mushroom cultivation. Heavy oils within scope of the relief are kerosene, fuel oil and Marked Gas Oil. The relief operates by way of repayment to the fuel user. The provisions currently prescribe that the repayment rate is...

Written Answers — Department of Finance: Departmental Schemes (24 May 2023)

Michael McGrath: I propose to take Questions Nos. 76, 77 and 78 together. The Debt Warehousing Scheme allowed for the deferral of the payment of VAT, PAYE (Employer) and certain self-assessed income tax liabilities, including TWSS and EWSS overpayments. It provided a vital liquidity support to businesses during the Covid pandemic and continues to support businesses as they recover from the impacts of the...

Written Answers — Department of Finance: Revenue Commissioners (24 May 2023)

Michael McGrath: I am advised by the Revenue Commissioners that the table below sets out the information requested by the Deputy in respect of the number of vehicles seized by Revenue under Section 141 of the Finance Act, 2001. Year Total Vehicles 2022 1,049 2023* 393 *to 30 April 2023 The statistics provided are for vehicles...