Results 3,941-3,960 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Reliefs (18 Jan 2023)

Michael McGrath: Section 469 of the Taxes Consolidation Act 1997 (TCA 1997) provides for income tax relief in respect of qualifying health expenses. Such relief may be claimed where the person making the claim satisfies the conditions of the relief and has paid income tax in the relevant period.  In the case raised by the Deputy, I am advised by Revenue that according to its records the person...

Written Answers — Department of Finance: Tax Code (18 Jan 2023)

Michael McGrath: The Residential Zoned Land Tax is identified as action 15.2 in Housing for All to replace the Vacant Site Levy and increase housing supply through activating zoned and serviced residential development land for housing.  The RZLT is a two stage process, involving identification of land meeting the criteria for the tax on maps to be prepared by local authorities and the administration of...

Written Answers — Department of Finance: Business Supports (18 Jan 2023)

Michael McGrath: Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Act 2022. 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 Schedule D where they meet the eligibility criteria and to certain sporting bodies and charities. The scheme operates on a self-assessment...

Written Answers — Department of Finance: Tax Code (18 Jan 2023)

Michael McGrath: I propose to take Questions Nos. 322 and 326 together. As the Deputies will be aware, VAT on supplies of Covid 19 testing kits have been subject to a temporary zero rate up until 31 December 2022 as a result of an EU Commission derogation. I am currently engaging with my officials and the Revenue Commissioners in relation to this matter.

Written Answers — Department of Finance: Financial Irregularities (18 Jan 2023)

Michael McGrath: The Office of the Financial Services and Pensions Ombudsman (FSPO) was established under the Financial Services and Pensions Ombudsman Act 2017 (“the Act”) to resolve complaints about the conduct of financial service providers and pension providers.  The FSPO can, subject to time limits, investigate a complaint submitted by an individual pension scheme member,...

Written Answers — Department of Finance: Business Supports (18 Jan 2023)

Michael McGrath: I propose to take Questions Nos. 324 and 327 together. Details of the new Temporary Business Energy Support Scheme (TBESS) are set out in Finance Act 2022. 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 Schedule D where they meet the eligibility criteria and to certain sporting...

Written Answers — Department of Finance: Tax Code (18 Jan 2023)

Michael McGrath: I propose to take Questions Nos. 325 and 334 together. Finance Act 1999 provides for the application of excise duty in the form of Mineral Oil Tax (MOT) to liquid fuels. MOT is comprised of a non-carbon component and a carbon component with the carbon component being commonly referred to as carbon tax. The non-carbon component of MOT is often referred to as “excise”,...

Written Answers — Department of Finance: Tax Code (18 Jan 2023)

Michael McGrath: The Deputy should note that the supply of an automated external defibrillator is subject to the zero rate of VAT from 1 January 2023.  The zero rate also applies to parts, components, or accessories used solely or principally with the automated external defibrillator and this includes paddles, batteries, and the heated case that the defibrillators are housed in.

Written Answers — Department of Finance: Tax and Social Welfare Codes (18 Jan 2023)

Michael McGrath: Where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax. Each partner is a separate entity for tax purposes, therefore, cohabiting couples cannot file joint assessment tax returns or share their tax credits and tax bands in the same manner as married couples.   The basis for...

Written Answers — Department of Finance: Business Supports (18 Jan 2023)

Michael McGrath: The Strategic Banking Corporation of Ireland (SBCI) began lending in March 2015. By the end of June 2022, the SBCI had supported lending of €3.2 billion to more than 50,000 SMEs, from all sectors of the Irish economy and across a wide geographical spread, utilising a mix of low cost liquidity and guarantees. The SBCI has a number of schemes launched and in development to help release...

Written Answers — Department of Finance: Tax Yield (18 Jan 2023)

Michael McGrath: I am advised by Revenue that, based on the numbers of amusement machine licences issued in 2022, the estimated full year yields from an increase from €38 to €60 for High Season Amusement Machine Licences (three months) and an increase from €125 to €190 for Annual Amusement Machine Licences are as outlined below. Licence Type Issued 2022 ...

Written Answers — Department of Finance: Revenue Commissioners (18 Jan 2023)

Michael McGrath: I am advised by Revenue that in the period from January 2017 to December 2022, there were 299 Revenue appointments to posts in the Assistant Principal Officer grade, in Dublin. This comprised 105 appointments from Public Appointments Service or Revenue open competitions; 55 from interdepartmental competitions; and 139 from Revenue internal promotion competitions. In addition, there were 108...

Written Answers — Department of Finance: Primary Medical Certificates (18 Jan 2023)

Michael McGrath: I propose to take Questions Nos. 336, 356, 357, 365, 370, 372 to 374, inclusive, and 382 together. 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...

Written Answers — Department of Finance: Tax Reliefs (18 Jan 2023)

Michael McGrath: I propose to take Questions Nos. 337 and 339 together. Finance Act 2022 introduced a new Rent Tax Credit.The credit is available for the tax years 2022 to 2025 (inclusive) with a maximum value of €1,000 per year in the case of a jointly assessed married couple or civil partners, and €500 in all other cases. The credit is broadly available in the following three circumstances: 1)...

Written Answers — Department of Finance: Revenue Commissioners (18 Jan 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...

Written Answers — Department of Finance: Tax Reliefs (18 Jan 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 Finance: Tax Code (18 Jan 2023)

Michael McGrath: I propose to take Questions Nos. 342 and 385 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 a costing for the measures outlined above using information provided on tax returns. However, tentative estimates using third-party data...

Written Answers — Department of Finance: Tax Code (18 Jan 2023)

Michael McGrath: I propose to take Questions Nos. 343 to 345, inclusive, and 384 together. I am advised by Revenue that the estimated cost of extending the reduced Mineral Oil Tax (MOT) rates for the periods outlined, in respect of petrol and diesel, are shown in the following tables. - Petrol Period MOT €m VAT €m ...

Written Answers — Department of Finance: Tax Code (18 Jan 2023)

Michael McGrath: Following clarification from the Deputy’s office, I understand that the purpose behind the question is to seek an update on the policy position with regard to individualisation of the personal income tax system. Accordingly, it may be helpful first of all to summarise the background to the current position in relation to individualisation.    Prior to 2000, the income...

Written Answers — Department of Finance: Appointments to State Boards (18 Jan 2023)

Michael McGrath: I can advise the Deputy that the named individual has not been appointed to any State boards, commissions or other bodies by my Department in the period from 1 January 2011 to date.