Results 3,201-3,220 of 27,945 for speaker:Michael McGrath
- Confidence in Government: Motion (29 Mar 2023)
Michael McGrath: -----and that is about the hard grind of Government, land availability-----
- Confidence in Government: Motion (29 Mar 2023)
Michael McGrath: -----planning reform and ensuring we have sufficient labour in our system so that we provide the funding for housing to take place, and that we give our local authorities and approved housing bodies the capacity to deliver the homes our people need. We are absolutely committed to developing at scale, in record numbers, affordable housing-----
- Confidence in Government: Motion (29 Mar 2023)
Michael McGrath: -----cost-rental housing-----
- Confidence in Government: Motion (29 Mar 2023)
Michael McGrath: -----public housing-----
- Confidence in Government: Motion (29 Mar 2023)
Michael McGrath: -----and working with the private sector to alleviate the blockages that exist in the system to ensure we can build up the number of houses we need to meet the demands of a growing economy and growing population. This Government has a positive agenda. We will deliver and we will not bow to the incessant negativity and bitterness we hear from the Opposition.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: I move amendment No. 1: In page 3, between lines 10 and 11, to insert the following: “Amendment of section 121 of Taxes Consolidation Act 1997 1.Section 121 of the Taxes Consolidation Act 1997 is amended in subsection (4A)— (a) in paragraph (aa)(i), by the insertion of “subject to paragraph (ab),” before “€35,000”, (b) by the insertion...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: As the Deputy has said, this was legislated for in 2019. It is fair to say that some companies changed their fleet of vehicles and took on board the legislative change that was enacted but had not yet come into effect but not all did so. There have also been difficulties in the supply chain with new vehicles over recent years. When I came into office, I was aware this could be an issue...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: In considering what changes I was going to make, I also had to take into account what could be operationalised. The Revenue Commissioners and payroll software providers would have to apply changes. The advice was to minimise the number of changes. If we went into the body of the table, started changing all of the rates and made significant changes that would probably have resulted in a...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: I thank the Deputy. It is important that we give a clear message to businesses. To be fair, we should acknowledge that many changed the nature of the vehicles they were providing to their employees. We heard from those who were impacted negatively by the changes, but many others were not and a lot of companies did the right thing and had the resources to do so. It is important that I, as...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: I want to put on record - and companies know this - that there is a tapering off of BIK relief for EVs to continue into 2024 and 2025. We want companies to make change now and it is important for their employees that they would do so. On the tapering mechanism, the changes will operate in parallel with the preferential BIK treatment for EVs to the end of 2025. This means the quantum of the...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: I do not have a number for how many individuals are impacted by these changes. Unfortunately the BIK data for employers is not broken down into the different forms of benefit that are taxed so I do not have that data and by extension I do not have the costs for what we are proposing. On the point that the reduction is greater for those with high emissions vehicles, it is also the case...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: It is not easy but I will engage further with Revenue to see if that information can be obtained. I would like to have that data, but at the moment, the way it is reported by companies into the Revenue system does not provide that level of granularity. I would like to have that and we will see what we can do in that regard but I cannot promise it.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: I move amendment No. 2: In page 3, between lines 10 and 11, to insert the following: “Amendment of section 121A of Taxes Consolidation Act 1997 2.Section 121A of the Taxes Consolidation Act 1997 is amended, in subsection (2)(b)— (a) in subparagraph (vi), by the substitution of “€50,000,” for “€50,000, and”, (b) in subparagraph...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: I will go through the points raised by the Deputy. Subsection 1 amends the Taxes Consolidation Act 1997. The Deputy has highlighted subsection 1(a)(i), which updates the legislative references in the section to revise the agriculture block exemption regulation, ABER. The reference is used in the context of the definition of "micro enterprise" and "small enterprise" as provided for in...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: No. It does not have any practical impact. It is just a matter of definitions.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: Yes, it is. We have no discretion. It arises from the agreement reached at EU level. Were we not to do this, we would be involved in a breach of state aid rules. We do not have any national discretion on the question.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: I will put my note on the record and we can have an exchange at that point. This amendment proposes that the rate of mineral oil tax applied to non-propellant uses of kerosine be reduced to zero until 31 October 2023. It also seeks the reduction in the rate of motor oil tax applied to marked gas oil from €131.47 per 1,000 litres to €111,14 per 1,000 litres until the same date,...
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: It is not in law but the practice is hypothecated.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: That is correct.
- Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2023: Committee Stage (29 Mar 2023)
Michael McGrath: Is the Deputy saying he would pause, not reverse, the carbon tax?