Results 41-60 of 27,910 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Code (25 Jun 2024)

Michael McGrath: I am advised by Revenue that, based on returns filed to the end of May, the available information for the year 2024 is provided in the table below. A further breakdown of the information is not currently available due to the low level of purchasers (less than 10) subject to the 10% rate in 2024 to date. The data in the table are provisional and may change as additional returns are filed or...

Written Answers — Department of Finance: Primary Medical Certificates (25 Jun 2024)

Michael McGrath: I propose to take Questions Nos. 133 and 134 together. The Deputy should note that my Department and I share concerns that the Disabled Drivers and Disabled Passengers Scheme (DDS) is no longer fit-for-purpose and believe it should be replaced with a needs-based, grant-led approach for necessary vehicle adaptations that could serve to improve the functional mobility of the individual. ...

Written Answers — Department of Finance: Defective Building Materials (25 Jun 2024)

Michael McGrath: The overall Government response to the problems associated with defective concrete blocks is led by my colleague the Minister for Housing, Local Government and Heritage and his Department is engaging with impacted householders and other relevant stakeholders. In particular, the Department of Housing has established an Implementation Steering Group for the enhanced Defective Concrete...

Written Answers — Department of Finance: Financial Services (25 Jun 2024)

Michael McGrath: The Directive 2015/2366/EU on payment services was transposed into Irish law by the European Union (Payment Services) Regulations, 2018 (S.I. No.6 of 2018). The Payment Services Regulations set out that where a payment service user that is a consumer places cash on a payment account with a payment service provider (in the currency of that payment account), the payment service provider shall...

Written Answers — Department of Finance: Financial Services (25 Jun 2024)

Michael McGrath: Directive 2015/2366/EU on payment services was transposed into Irish law, with effect from 13 January 2018, by the European Union (Payment Services) Regulations, 2018 (S.I. No.6 of 2018). The Payment Services Regulations set out that immediately after receipt of a payment order, a payer’s payment service provider shall provide the payer with or make available to the payer, in the...

Written Answers — Department of Finance: Tax Code (25 Jun 2024)

Michael McGrath: I assume the Deputy is referring to Capital Acquisitions Tax. Capital Acquisitions Tax (CAT) is a tax which applies to both gifts and inheritances. For CAT purposes, the relationship between the person giving a gift or inheritance (i.e. the disponer) and the person who receives it (i.e. the beneficiary) determines the maximum amount, known as the “Group threshold”, below which...

Written Answers — Department of Finance: Legislative Measures (25 Jun 2024)

Michael McGrath: I propose to take Questions Nos. 139, 140 and 141 together. The Deputy may wish to note that Section 42 of the Criminal Justice (Terrorist Offences) Act 2005 enables the Minister of Finance to make Regulations for enabling provisions of Acts to which Section 42 applies to have full effect. This Section of the 2005 Act applies to Acts that are adopted by the EU, and which, in the opinion of...

Written Answers — Department of Finance: Freedom of Information (25 Jun 2024)

Michael McGrath: My Department operates a Freedom of Information/Parliamentary Affairs unit which, amongst other duties, assists the Department in managing the FOI process. The unit comprises two full-time staff with primary responsibility for managing the FOI process, one at Clerical Officer (CO) level and one at Executive Officer (EO) level, reporting to a Higher Executive Officer (HEO) and Assistant...

Written Answers — Department of Finance: Tax Code (25 Jun 2024)

Michael McGrath: Ireland’s long-standing section 481 film tax credit provides relief in the form of a corporation tax credit related to the cost of production of certain audio-visual productions. The scheme is intended to act as a stimulus to the creation of an indigenous film industry in the State, creating quality employment opportunities and supporting the expression of Irish and European culture. ...

Written Answers — Department of Finance: Illicit Trade (25 Jun 2024)

Michael McGrath: Each year since 2009, Revenue, in conjunction with the HSE’s National Tobacco Control Office, has commissioned Ipsos MRBI to conduct independent market research among smokers about the source of their cigarettes. The survey is an independent research study into illegal tobacco products behaviour patterns, the purpose of which is to estimate the volume of non-Irish duty paid cigarettes...

Written Answers — Department of Finance: Tax Reliefs (20 Jun 2024)

Michael McGrath: Mortgage Interest Tax Relief is available to taxpayers in respect of their principal private residence in the State where the outstanding mortgage balance was between €80,000 and €500,000 as of 31 December 2022, and the taxpayer is compliant with Local Property Tax requirements. The relief also extends to a qualifying property located in the State, which is the sole or main...

Written Answers — Department of Finance: Tax Code (20 Jun 2024)

Michael McGrath: The Government is conscious of the implications of fuel costs for all sectors of society. This is reflected in the fact that in 2022, in light of the acute impact rising prices were having on households and businesses, the Government provided for temporary cuts in excise rates which, inclusive of VAT amounted to 21 cents, 16 cents and 5.4 cents per litre on petrol, auto-diesel and marked gas...

Written Answers — Department of Finance: Insurance Industry (20 Jun 2024)

Michael McGrath: As the Deputy is aware, neither I nor the Central Bank of Ireland can interfere with the provision or pricing of insurance products due to the EU Solvency II Directive. However, through the Action Plan for Insurance Reform, the Government is committed to improving insurance costs and availability for householders, individuals and businesses across Ireland. Notwithstanding this, I fully...

Written Answers — Department of Finance: Housing Schemes (20 Jun 2024)

Michael McGrath: The Help to Buy (HTB) Scheme was introduced in 2017 with the purpose of assisting first-time buyers with the deposit required to purchase or self-build a new house or apartment to live in as their home. The relief is only available in respect of new builds, with a view to increasing the supply of new housing and stimulating demand. The incentive gives a refund of Income Tax and Deposit...

Written Answers — Department of Finance: Tax Code (20 Jun 2024)

Michael McGrath: I am aware, from recent media reports, of reports of payments made to discourage or withdraw planning objections or to ‘compensate’ for inconvenience during developments. However, under Section 851A of the Taxes Consolidation Act 1997 Revenue is precluded from commenting on the tax affairs of an individual, business or entity, and so Revenue would not be in a position to provide...

Written Answers — Department of Finance: Tax Data (20 Jun 2024)

Michael McGrath: The figures supplied in response to Parliamentary Question No. 292 of 9 April 2024 are projections of future carbon tax revenue yields estimated by the Department of Finance based on VAT exclusive excise data from the Revenue Commissioners and forward projected estimates of energy use from the Sustainable Energy Authority of Ireland (SEAI) which take into account agreed national Climate...

Written Answers — Department of Finance: Tax Code (20 Jun 2024)

Michael McGrath: As the Deputy will be aware, Section 598 of the TCA 1997 grants relief from CGT on disposals by individuals aged 55 and over of qualifying business or farm trade assets to persons other than that individual’s child. Where an individual is aged 55 to 65 and the consideration received on the disposal of such assets does not exceed €750,000, full relief is given. For an individual...

International Protection, Asylum and Migration: Motion (Resumed) (19 Jun 2024)

Michael McGrath: I very much welcome the opportunity to make a contribution to this important debate and to speak in favour of the motion. This debate offers the House the opportunity to speak not only on the detail of the pact itself but on the issue of migration more widely. EU migration is a shared European challenge that requires shared European solutions. EU agreement on the pact demonstrates that...

Written Answers — Department of Finance: Illicit Trade (19 Jun 2024)

Michael McGrath: Revenue is committed to targeting the illicit tobacco trade and implements a range of measures to identify and target the smuggling, supply or sale of illicit tobacco, including duty free tobacco in excess of duty-free allowances, and where possible, prosecuting those involved. In its efforts to detect the importation of excess duty-free goods, Revenue uses a combination of risk analysis,...

Written Answers — Department of Finance: Tax Data (19 Jun 2024)

Michael McGrath: The Finance (Local Property Tax) Act 2012 (as amended) provides that any building or structure which is used as, or is suitable for use as a dwelling is liable to LPT. Property owners are required to self-assess their property’s liability to LPT. Where a property is uninhabitable to such an extent that it is not suitable for occupation (or not actually occupied), it is outside the...