Results 1,141-1,160 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Film Industry (23 Jan 2024)

Michael McGrath: The Committee on Budgetary Oversight Report on Section 481 – Film Tax Credit (May 2023) recommended that the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media (DTCAGSM) and the Department of Finance convene a stakeholder forum as a priority to discuss inter alia maximising the benefits of section 481 Taxes Consolidation Act (TCA) 1997 for all concerned stakeholders. ...

Written Answers — Department of Finance: Financial Irregularities (23 Jan 2024)

Michael McGrath: I propose to take Questions Nos. 202 and 203 together. In response to the findings of the ‘Cyprus Confidential’ report, the Government of the Republic of Cyprus has launched a probe into the investigation’s findings, in addition to its on-going work to establish an independent body to investigate financial crimes and sanctions evasion. Under the EU’s Fourth...

Written Answers — Department of Finance: Public Expenditure Policy (23 Jan 2024)

Michael McGrath: The NTMA have informed me that the Ireland Strategic Investment Fund (ISIF) portfolio is constructed within the legislative framework set for it by the Oireachtas.ISIF has a Sustainable & Responsible Investment Strategy (S&RIS) which reflects a commitment to be a responsible investor as steward of public assets by protecting and enhancing both the long-term value of the ISIF...

Written Answers — Department of Finance: Public Expenditure Policy (23 Jan 2024)

Michael McGrath: The NTMA has informed me that the Cluster Munitions and Antipersonnel Mines Act 2008 is legislation that effectively translated the Convention on Cluster Munitions and anti-personnel mines into Irish Law. Ireland was the first country to require divestment by law, however, this is now an industry standard. The Act prohibits the investment of “public moneys” into a company that...

Written Answers — Department of Finance: Public Expenditure Policy (23 Jan 2024)

Michael McGrath: A breakdown of non-voted expenditure for each year can be found in the Finance Accounts for the relevant year, specifically in Statements 1.4, 1.5, 1.6, and 1.10. The yearly Finance Accounts are available through my Department's website at the following address www.gov.ie/en/collection/1f1c3a-finance-accounts/ The 2023 Finance Accounts will be published in due course, after being audited...

Written Answers — Department of Finance: Tax Appeals Commission (23 Jan 2024)

Michael McGrath: As the Deputy will be aware, all motor vehicles in the State must be registered within 30 days of their date of entry at which point Vehicle Registration Tax (VRT) is charged. In the event that the person does not agree with Revenue’s decision, they have the right to appeal. The current VRT appeals procedure is provided for in sections 145 and 146 of the Finance Act 2001 as amended by...

Written Answers — Department of Finance: Tax Yield (23 Jan 2024)

Michael McGrath: As the Deputy will be aware the Budget 2024 publicationSummary of 2024 Budget Measures- Policy Changes(available on www.budget.gov.ie) includes an estimated full year yield of €152 million in respect of the carbon tax rate increase from €48.50 to €56.00. The Budget 2024 publication Economic and Fiscal Outlook (also available on www.budget.gov.ie) includes projections...

Written Answers — Department of Finance: Tax Reliefs (23 Jan 2024)

Michael McGrath: As the Deputy will be aware, Finance Act 2023 introduced the temporary one-year Mortgage Interest Tax Relief that I announced on Budget day. Mortgage Interest Tax Relief will be 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...

Written Answers — Department of Finance: Tax Exemptions (23 Jan 2024)

Michael McGrath: The Finance Act 2023 provided for a number of amendments to DCPL. Firstly, and as I announced on 6 September 2023, ready to pour concrete used in the manufacture of precast concrete products was removed from the charge of the levy with effect from 1 January 2024. A precast concrete manufacturer is required to make a declaration to the ready to pour concrete supplier that the ready to pour...

Written Answers — Department of Finance: Insurance Coverage (23 Jan 2024)

Michael McGrath: As Minister for Finance, I am responsible for the development of the legal and policy framework governing financial regulation. Neither I, nor the Central Bank of Ireland, can intervene in the provision or pricing of insurance products, nor can we compel any insurer operating in the Irish market to provide cover to specific individuals. This position is reinforced by the EU framework for...

Written Answers — Department of Finance: Tax Rebates (23 Jan 2024)

Michael McGrath: I am advised by Revenue that the record of the person concerned has been reviewed and updated and that they are now in receipt of their full allocation of tax credits and rate bands for 2024. An amended tax credit certificate for 2024, confirming their tax credits and rate bands, will issue shortly and an updated Revenue Payroll Notification has issued to the person’s employer...

Written Answers — Department of Finance: Official Travel (23 Jan 2024)

Michael McGrath: It was not possible for my Department to provide the information sought in the time available. I will, however, make arrangements to provide the information to the Deputy as soon as possible.

Written Answers — Department of Finance: Tax Reliefs (23 Jan 2024)

Michael McGrath: I propose to take Questions Nos. 214 and 217 together. The Rent Tax Credit, as provided for in section 473B of the Taxes Consolidation Act 1997 (TCA 1997), was introduced by the Finance Act 2022 and may be claimed in respect of qualifying rent paid in 2022 and subsequent years to end-2025. I am advised by Revenue that the Rent Tax Credit statistics currently available refer only to claims by...

Written Answers — Department of Finance: Tax Rebates (23 Jan 2024)

Michael McGrath: I am advised by Revenue that the estimated value of claims for qualifying Health Expenses, broken down by year for 2004-2021, the latest year for which fully analysed data are available, is included in the ‘Cost of Tax Expenditures’ publication, which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Tax Credits (23 Jan 2024)

Michael McGrath: I am advised by Revenue that the estimated number of claimants for the Incapacitated Child Tax Credit, broken down by year for 2004-2021, the latest year for which data are available, is included in the ‘Cost of Tax Expenditures’ publication which is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis...

Written Answers — Department of Finance: Tax Collection (23 Jan 2024)

Michael McGrath: The article referred to by the Deputy outlines recent comments by the Tánaiste in the context of a number of business closures in the hospitality sector over the past six months. In particular the Tánaiste made reference to the 9% VAT rate for hospitality and tourism sector and the Tax Debt Warehousing Scheme. The 9% VAT rate for hospitality and tourism sector was introduced...

Written Answers — Department of Finance: Insurance Industry (23 Jan 2024)

Michael McGrath: I note that the details supplied relate to a recent media report about an increase in home insurance costs in the context of the latest CSO Consumer Price Index (CPI). As the Deputy will appreciate, neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products, as this is a commercial matter which individual companies assess on a case-by-case basis....

Written Answers — Department of Finance: Site Acquisitions (23 Jan 2024)

Michael McGrath: NAMA has advised that all information relating to the site sales process and the associated timeline is a matter for the appointed Receiver (details supplied) who is responsible for the management and sale of the site or for the Department of Education, who is a party to the draft contract. NAMA’s role is simply that of a secured lender. Details supplied: Kieran Curtin, HWBC.

Written Answers — Department of Finance: Revenue Commissioners (23 Jan 2024)

Michael McGrath: The VAT treatment of goods and services is subject to EU VAT law, with which Irish VAT law must comply. In accordance with the EU VAT Directive, farmers can elect whether or not to register for VAT in respect of their farming business, and each farmer’s decision on this matter affects how VAT incurred on their inputs (such as the purchase of farm equipment) is treated. Farmers who...

Written Answers — Department of Finance: Departmental Data (23 Jan 2024)

Michael McGrath: I understand that the question is seeking clarification on the transfer of personal data and/or records, as per the Deputy's previous question, no. 333 of 17 January 2024, and my answer will therefore relate to personal data, rather than the transfer of data and/or records in general. As previously set out, the work of my Department does not generally involve the collection or sharing of...