Results 3,281-3,300 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Departmental Schemes (28 Mar 2023)

Michael McGrath: The National Disability Inclusion Strategy Transport Working Group (TWG), comprising members from a range of Departments, agencies and Disabled Persons Organisations, was tasked under Action 104 to review all Government-funded transport and mobility supports for those with a disability, including the Disabled Drivers and Disabled Passengers Scheme (DDS). Officials from DCEDIY led the work of...

Written Answers — Department of Finance: Banking Sector (28 Mar 2023)

Michael McGrath: Obligations on the banking sector related climate targets and other elements of the EU Green Deal are set out in a number of EU Directives and Regulations, some of which are in force with others being developed. These include the Taxonomy for sustainable activities, the Sustainable Finance Disclosure Regulation (SFDR), the Corporate Sustainability Reporting Directive (CSRD), as well as...

Written Answers — Department of Finance: Revenue Commissioners (28 Mar 2023)

Michael McGrath: I am advised by Revenue that there are no delays in the processing of Capital Acquisitions Tax (CAT) certificates where all relevant information is received at the time of application. In some instances, Revenue may require additional information in support of the application and any delay in responding to those requests may lead to a delay in the processing of certificates. Revenue have...

Written Answers — Department of Finance: European Union (28 Mar 2023)

Michael McGrath: The European Deposit Insurance Scheme (EDIS), is considered to be the third pillar of the Banking Union. The creation of the Banking Union was a powerful response to the 2008 Financial Crisis. The first two pillars of the Banking Union, the Single Supervisory Mechanism and the Single Resolution Mechanism, have been put in place and subject to a number of reforms to improve their...

Written Answers — Department of Finance: Departmental Schemes (28 Mar 2023)

Michael McGrath: I propose to take Questions Nos. 244 and 245 together. By way of background, the Debt Warehousing scheme allows 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...

Written Answers — Department of Finance: Enterprise Support Services (28 Mar 2023)

Michael McGrath: The Temporary Business Energy Support Scheme (TBESS) was introduced to support qualifying businesses with increases in their electricity or natural gas costs over the winter months. Details of the scheme are set out in Finance Act 2022. The scheme provides support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 30 April 2023. However,...

Written Answers — Department of Finance: Insurance Coverage (28 Mar 2023)

Michael McGrath: I propose to take Questions Nos. 247, 248 and 249 together. Government is aware that a small number of activity-related sectors are currently facing difficulty in terms of affordability and availability of insurance. We have therefore prioritised the implementation of the Action Plan for Insurance Reform, which aims to improve the cost and availability of insurance for all groups, including...

Written Answers — Department of Finance: Revenue Commissioners (28 Mar 2023)

Michael McGrath: I am advised by Revenue that it is aware of the recent judgment by the European Court of Human Rights in the case of L.B.vHungaryand is considering its implications. Revenue is legally required to compile and publish lists of certain tax defaulters. This system has been in place since 1983 and was revised most recently in Finance Act 2021, which provided for the current publication regime...

Written Answers — Department of Finance: Departmental Schemes (28 Mar 2023)

Michael McGrath: I am advised by Revenue that rental income of participants in the Fair Deal scheme who rent out their homes while in nursing home care is taxed in the same manner as any other rental income from a residential property. The participant will be charged to tax under Case V of Schedule D on the full amount of their rental income. The participant is entitled to deduct certain expenses from the...

Written Answers — Department of Finance: Energy Prices (28 Mar 2023)

Michael McGrath: Details of the Temporary Business Energy Support Scheme (TBESS) are set out in Finance Act 2022. The scheme provides support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 30 April 2023. The TBESS is available to tax compliant businesses carrying on a trade or profession the profits of which are chargeable to tax under Case I or Case II of...

Written Answers — Department of Finance: Grant Payments (28 Mar 2023)

Michael McGrath: The Disabled Drivers & Disabled Passengers Scheme (DDS) provides relief from VRT and VAT on an adapted car, as well as an exemption from motor tax and an annual fuel grant. Under DDS provisions, the reliefs from VRT and VAT are generous in nature amounting to up to €10,000, €16,000 or €22,000, depending on the level of adaption required for the vehicle. There is...

Written Answers — Department of Finance: Official Engagements (28 Mar 2023)

Michael McGrath: Ireland has a long-standing and excellent bilateral relationship with Poland, which is now framed within the context of our common membership of the European Union. Since my appointment as Minister for Finance, I have enjoyed meeting all of my EU counterparts, including Polish Minister for Finance Magdalena Rzeczkowska, at monthly Eurogroup and ECOFIN meetings. At present, no plans are in...

Written Answers — Department of Finance: Rental Sector (28 Mar 2023)

Michael McGrath: Finance Act 2022 introduced the Rent Tax Credit, which is provided for in section 473B of the Taxes Consolidation Act 1997. This is an income tax credit of up to €500 per year (or up to €1,000 for jointly assessed couples) which may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. Qualifying payments must be made under a tenancy. A tenancy...

Written Answers — Department of Finance: Disability Services (23 Mar 2023)

Michael McGrath: The National Disability Inclusion Strategy Transport Working Group (TWG), comprising members from a range of Departments, agencies and Disabled Persons Organisations, was tasked under Action 104 to review all Government-funded transport and mobility supports for those with a disability, including the Disabled Drivers and Disabled Passengers Scheme (DDS). Officials from DCEDIY led the work of...

Written Answers — Department of Finance: Defective Building Materials (23 Mar 2023)

Michael McGrath: Section 10A of the Finance (Local Property Tax) Act 2012 (as amended) provides for an exemption for a temporary period from the charge to Local Property Tax (LPT) for residential properties that have been certified as having a significant level of pyrite damage. The exemption is subject to certain qualifying conditions set out in the relevant legislation. This section was amended by the...

Written Answers — Department of Finance: Vehicle Registration Tax (23 Mar 2023)

Michael McGrath: VRT is an excise duty which is imposed, under Irish law, on the registration of a vehicle in the State. With effect from 1 January 1993, Section 132(1), Finance Act, 1992 introduced “a duty of excise, to be called vehicle registration tax” and the legislation stipulates that the tax “shall be charged, levied and paid ... on ... the registration of a vehicle”. ...

Written Answers — Department of Finance: Legislative Programme (23 Mar 2023)

Michael McGrath: My department has been heavily involved in EU-wide negotiations to agree on the Market In Crypto Assets (“MiCA”) Framework as set out in the Digital Finance Package in September 2020. These negotiations have led to the development of the most comprehensive regulatory framework for crypto-assets, harmonising rules across the European Union and will formally be adopted by the EU...

Written Answers — Department of Finance: Interest Rates (23 Mar 2023)

Michael McGrath: As the Deputy is aware, the European Central Bank has increased official interest rates over recent months as it attempts to combat inflation. While the setting of retail interest rates is a commercial matter for an individual lender, this increase in official interest rates has had an impact on tracker and some other variable mortgage rates and consequently on the level of mortgage...

Written Answers — Department of Finance: Social Media (23 Mar 2023)

Michael McGrath: All users of official communications devices in the Department of Finance are expected to exercise appropriate discretion in their use, and in relevant communications services in line with acceptable usage policies. That acceptable use policy sits within an overarching framework of the Civil Service Code of Standards and Behaviour, Civil Service Disciplinary Code, Ethics in Public Office, the...

Written Answers — Department of Finance: Insurance Coverage (23 Mar 2023)

Michael McGrath: While neither I, nor the Central Bank of Ireland, can interfere in the provision or pricing of insurance products, I can assure the Deputy that this Government is committed to improving the cost and availability of insurance for all consumers, businesses and community groups across the State. The whole-of-Government approach being taken through the Action Plan for Insurance Reformsets out 66...