Results 3,701-3,720 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Exemptions (14 Feb 2023)

Michael McGrath: I am advised by Revenue that, while the question refers to VAT exemption, the person in question has been in recent correspondence regarding the requirement to file a particular VAT claim electronically. In general, certain claims for repayment of tax must be filed electronically, unless the claimant meets the eligibility criteria to submit a paper claim. More information on this can be...

Written Answers — Department of Finance: Customs and Excise (14 Feb 2023)

Michael McGrath: I advised by Revenue that it maintains trade facilitation and enforcement operations on a 24-7 basis at Dublin Port and Dublin Airport. The number of individual inspections carried out in these frontier locations is not recorded. During 2022, and to the end of January 2023 no inspections were carried out at Dun Laoghaire Port. I am advised that Dun Laoghaire Port is a landing Port within...

Written Answers — Department of Finance: State Pensions (14 Feb 2023)

Michael McGrath: The Department of Social Protection (DSP) State pension (contributory) is a taxable source of income, similar to other DSP payments including Jobseekers’ Benefit and Maternity Benefit. As such, it is liable to Income Tax (IT) although it is not subject to the Universal Social Charge (USC) or Pay Related Social Insurance (PRSI). I am advised by Revenue that, where a person is in...

Written Answers — Department of Finance: Tax Clearance Certificates (14 Feb 2023)

Michael McGrath: Tax Clearance is required for various purposes, such as renewal of a variety of licences and permits, public sector contracts, grants, subsidy payments and Government supports. While a business may have their tax clearance rescinded due to compliance issues, it can also be rescinded for reaching its expiry date. (An application for a Tax Clearance Certificate will normally expire after one...

Written Answers — Department of Finance: Tax Code (9 Feb 2023)

Michael McGrath: As the Deputy is aware, at present, the 9% rate applies on a temporary basis to a number of sectors, including hairdressing and barbering. From 1 March 2023, these sectors are due to return to the 13.5% rate. As I have said on a number of occasions, the Government will in the coming weeks examine the full suite of taxation and other measures that are due to expire at the end of February. In...

Written Answers — Department of Finance: Business Supports (9 Feb 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. Sections 100 to 102 of the Finance Act 2022 make provision for the TBESS. The scheme provides support to qualifying businesses - including companies, sole-traders, self-employed individuals and partnerships - in...

Written Answers — Department of Finance: Tax Code (9 Feb 2023)

Michael McGrath: UK Withdrawal Agreement In accordance with the Agreement on the Withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community , from 1 January 2021 onwards, the importation of a motor vehicle from the United Kingdom (excluding Northern Ireland (NI)) is treated as an import from a third country, i.e. a non - EU Member...

Written Answers — Department of Finance: Electric Vehicles (9 Feb 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. Subject to meeting vehicle and adaptation conditions, electric vehicles can avail of DDS provisions. Under DDS provisions, the reliefs from VRT and VAT are generous in nature amounting to up to €10,000,...

Mortgage Interest Relief Scheme: Motion [Private Members] (8 Feb 2023)

Michael McGrath: I move amendment No. 1: To delete all words after "Dáil Éireann" and substitute the following: "notes that: — the European Central Bank (ECB) is independent in the formulation of monetary policy for the Eurozone Area; — the ECB's objective is to maintain price stability and wishes to ensure a timely return of inflation to its 2 per cent medium-term target; and...

Mortgage Interest Relief Scheme: Motion [Private Members] (8 Feb 2023)

Michael McGrath: I also know the Joint Committee on Finance, Public Expenditure and Reform, and Taoiseach has engaged with the Central Bank in the past week or so on these issues. I am in continuous engagement with the Central Bank. I know from that engagement that the Central Bank is actively on the case. It is on the case of ensuring the full implementation of all the statutory codes and the consumer...

Written Answers — Department of Transport, Tourism and Sport: Electric Vehicles (8 Feb 2023)

Michael McGrath: Recent Government policy has focused on strengthening the environmental rationale behind company car taxation. In Finance Act 2019, I legislated for a CO2-based BIK regime for company cars from 1 January 2023. From that date the amount taxable as BIK remains determined by the car’s original market value (OMV) and the annual business kilometres driven, while new CO2 emissions-based...

Written Answers — Department of Transport, Tourism and Sport: Social Media (8 Feb 2023)

Michael McGrath: I wish to advise the Deputy that of the social media videos posted by my Department during the timeframe specified, 66% included closed captioning/subtitles and none included Irish sign language translations. I am advised that of the social media videos posted by the bodies under the aegis of my Department in 2022, none included Irish sign language translations. The position in relation to...

Written Answers — Department of Transport, Tourism and Sport: Business Supports (8 Feb 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. Sections 100 to 102 of Finance Act 2022 make provision for the TBESS. The scheme provides support to qualifying businesses in respect of energy costs relating to the period from 1 September 2022 to 28 February...

Written Answers — Department of Transport, Tourism and Sport: Tax Code (8 Feb 2023)

Michael McGrath: The estimated annual cost to the exchequer of reducing VAT on print and digital newspapers from a 9% VAT rate to a zero VAT rate is €33m. This measure was introduced from 1 January 2023. There is no obligation for a business to pass on savings to customers arising from a reduced rate of VAT.

Written Answers — Department of Transport, Tourism and Sport: Tax Code (8 Feb 2023)

Michael McGrath: I propose to take Questions Nos. 104 and 114 together. As the Deputies are aware, at present, the 9% rate applies on a temporary basis to the hospitality and tourism sectors and also to hairdressers. From 1 March 2023, these sectors are due to return to the 13.5% rate. As I have said on a number of occasions, the Government will in the coming weeks examine the full suite of taxation and...

Written Answers — Department of Transport, Tourism and Sport: Tax Code (8 Feb 2023)

Michael McGrath: Recent Government policy has focused on strengthening the environmental rationale behind company car taxation. Until the changes brought in as part of the Finance Act 2019, Ireland’s vehicle benefit-in-kind regime was unusual in that there was no overall CO2 rationale in the regime. This is despite a CO2 based vehicle BIK regime being legislated for as far back as 2008 (but never...

Written Answers — Department of Transport, Tourism and Sport: Revenue Commissioners (8 Feb 2023)

Michael McGrath: I am advised by Revenue that contact has been made with the individual concerned and the required confirmation has issued, as requested. Revenue further advise that all property owners can access the Local Property Tax (LPT) online portal at lpt.revenue.ie/lpt-web/, to obtain information regarding their property. To access the online portal, property owners will require their PPSN, Property...

Written Answers — Department of Transport, Tourism and Sport: Official Engagements (8 Feb 2023)

Michael McGrath: As the Deputy will be aware, I travelled to London for a two-day official visit on 25 and 26 January. During my visit, I held productive meetings with the Chancellor of the Exchequer, Jeremy Hunt MP; the Governor of the Bank of England, Andrew Bailey; and the Shadow Chancellor of the Exchequer, Rachel Reeves MP. I also met with the Lord Mayor of the City of London, Nicholas Lyons, and also...

Written Answers — Department of Transport, Tourism and Sport: Tax Yield (8 Feb 2023)

Michael McGrath: I am advised by Revenue that the Local Property Tax (LPT) charge applicable to properties valued under €1.75 million is based on the relevant charge associated with the valuation band returned by the property owner. For properties valued over €1.750 million, the LPT charge is based on market value and is the sum of: - 0.1029% of the first €1.05 million of declared market...

Written Answers — Department of Transport, Tourism and Sport: Tax Credits (8 Feb 2023)

Michael McGrath: The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997 (TCA 1997), was introduced by Finance Act 2022 and is available in respect of qualifying payments made during the 2022 to 2025 years of assessment inclusive. I am advised by Revenue that up to 03 February 2023, 125,724 claims for the Rent Tax Credit have been made in respect of the 2022 year of...