Results 9,861-9,880 of 27,945 for speaker:Michael McGrath

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: Will the Minister of State respond?

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: I did not personally make it.

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: No; I will take up the matter with the Minister of State separately.

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: I move amendment No. 25In page 134, between lines 1 and 2, to insert the following:“VAT treatment in respect of children’s footwear and clothes 45. The Minister shall, within three months of the passing of this Act, prepare and lay before the Oireachtas a report on efforts by the Department of Finance to secure flexibility at EU level in relation to VAT on children’s...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: Whatever way we dress it up or discuss the detail, the simple reality is that while notionally there is an exemption from VAT for children's shoes and clothes, for a significant minority of children, it does not apply. That is the issue I am looking to have addressed. While I accept that the Government's hands are more or less tied by EU law on value added tax, VAT, from what the Minister of...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: Several points need to be made. First, this was not a budget day measure. It was not announced on budget day. It was not contained in the budget day booklet or within the summary of taxation measures. Certain measures that brought in as little as €2 million were singled out in the budget day booklet summary of tax measures. The Minister says this measure will bring in €20...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: I move amendment No. 23:In page 133, between lines 15 and 16, to insert the following:“Report on economic impact of VAT rebate on car rental sector 41.The Minister shall within three months of the passing of this Act, prepare and lay before the Oireachtas a report assessing the economic impact of ending the VAT rebate on VRT on the car rental sector in section 37.". This amendment...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: When can we do it?

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: The amendments are grouped, so do I not get a second chance?

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: I will be brief. In effect, the Minister is asking me not to press the amendment, so I have to ask what exactly he is committing to. We have asked for a report on the economic impact assessment of this measure. The context is clear. The trend is accelerating. The move to online gambling is very evident for all of us to see, and the concern is that we will quickly see closures, people...

Finance Bill 2018: Report Stage (Resumed) (22 Nov 2018)

Michael McGrath: We had a good discussion on this issue on Committee Stage. It is widely acknowledged that the change will have a significant and detrimental impact on independent bookmakers, in particular. I support Deputy Pearse Doherty's point about the wider context, which is why we have been calling consistently for progress on the Gambling Control Bill 2018 to deal with problem gambling. The industry...

Ceisteanna Eile - Other Questions: Tracker Mortgage Examination (22 Nov 2018)

Michael McGrath: On the numbers, the figure of 93% was reached by including the 7,100 pre-examination cases, which go back a number of years. We teased all of this out on Committee Stage. The figure in the current examination is 10%, which is more than 3,000 customers who have still not received redress and compensation. The banks know who they are, their name, their address, their mortgage account number...

Ceisteanna Eile - Other Questions: Tracker Mortgage Examination (22 Nov 2018)

Michael McGrath: 15. To ask the Minister for Finance the status of the tracker mortgage examination; the amount paid out to date for redress and compensation; when all affected customers will receive payment; and if he will make a statement on the matter. [48565/18]

Ceisteanna Eile - Other Questions: Tracker Mortgage Examination (22 Nov 2018)

Michael McGrath: My question relates to the tracker examination at a broader level. It is now three years since the tracker investigation commenced. As of last month, the most recent update to the finance committee from the Governor of the Central Bank was to the effect that 10% of the identified effected customers had still not received redress and compensation. In effect, they have still not been given...

Ceisteanna Eile - Other Questions: Tax Code (22 Nov 2018)

Michael McGrath: The Minister needs to clarify whether this is a stay of execution or a review of what has already been decided. Will he tell us what Revenue found when it reviewed certain categories of employment? What was the outcome of that review? Was there any consultation with the representative bodies as part of that review? Is it Revenue's case that tax relief is granted in respect of a level of...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Operations (22 Nov 2018)

Michael McGrath: 3. To ask the Minister for Finance the status of the work of the National Asset Management Agency, NAMA; the expected surplus to be returned to the State; the way in which it will be used; when the agency will be wound up; and if he will make a statement on the matter. [48710/18]

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Operations (22 Nov 2018)

Michael McGrath: NAMA is an agency that does not tend to be discussed here until controversies arise. I want to receive an update on its work, the surplus it is expected to return, the number of loans that remain on its books, when it expects to be wound up and what the Minister intends to do with the surplus he expects to be delivered.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Operations (22 Nov 2018)

Michael McGrath: On the end-of-life strategy, did the Minister state it will be the end of 2021 before the agency is wound up? My understanding until now was that the projected date for the winding up of the agency was 2020. The Minister might deal with that issue. Will the Minister give me an update on the carrying value of loans that remain with NAMA? At the end of 2017, the figure was €3.2...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Operations (22 Nov 2018)

Michael McGrath: The surplus has to be put in the context of the crystallisation of losses of over €40 billion when the NAMA transfers went through from 2009 and 2010 onwards. On the timeline, there is a need for clarity on the work NAMA will be undertaking from the date of the last portfolio sale which, if I heard him correctly, the Minister has signalled is likely to be at the end of this year....

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Brexit Issues (22 Nov 2018)

Michael McGrath: 1. To ask the Minister for Finance the work being undertaken by his Department and agencies under his aegis such as the Revenue Commissioners to prepare for all possible Brexit scenarios at the end of March 2019; and if he will make a statement on the matter. [48709/18]