Results 1,201-1,220 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Business Supports (17 Jan 2024)

Michael McGrath: I am pleased to advise the Deputy that applications can be made through the SBCI Hub for funding under both the growth and sustainability elements of the Growth and Sustainability Loan Scheme (GSLS). Successful applicants will receive an eligibility code which they can provide to a participating on-lender. AIB and Finance Ireland are currently accepting applications under both elements...

Written Answers — Department of Finance: Financial Services (17 Jan 2024)

Michael McGrath: The practice of payment service providers charging consumers a surcharge for making payments with credit or debit cards is prohibited under Article 62 of the second Payments Service Directive (PSD2). PSD2 states that a payee shall not request charges for the use of a payment instrument for which interchange fees are regulated under the Interchange Fee Regulation, which includes consumer...

Written Answers — Department of Finance: Fiscal Policy (17 Jan 2024)

Michael McGrath: 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 and the reputation of the National...

Written Answers — Department of Finance: Tax Collection (17 Jan 2024)

Michael McGrath: Local Property Tax (LPT) is a self-assessed tax where residential property owners are obliged to determine the amount of tax payable by selecting the appropriate valuation band for their property on their LPT return and making payment arrangements each year for the tax due. Where LPT payment or deferral arrangements are not made, property owners may be subject to mandatory deduction at...

Written Answers — Department of Finance: Official Engagements (17 Jan 2024)

Michael McGrath: During my visit to the West Coast of the United States, I did not meet with the CEO or any other representative of Visa. I did meet with key IDA client companies across the technology, internet and pharma sectors and participated in Enterprise Ireland engagements focused on healthcare and technology. In addition, I had a series of appointments in the Los Angeles area related to creative...

Written Answers — Department of Finance: Tax Data (17 Jan 2024)

Michael McGrath: The application of the 10% rate of stamp duty to certain acquisitions of residential property is provided for in section 31E of the Stamp Duties Consolidation Act 1999, as introduced by the Finance (Covid-19 and Miscellaneous Provisions) Act 2021. I am advised by Revenue that, based on returns for the period since the commencement of the Section, the available information for 2021, 2022 and...

Written Answers — Department of Finance: Tax Reliefs (17 Jan 2024)

Michael McGrath: Section 477C of the Taxes Consolidation Act 1997 (TCA) requires that applicants for the Help to Buy (HTB) scheme must be first-time purchasers, which is defined as: " 'first-time purchaser' means an individual who, at the time of a claim under subsection (3) has not, either individually or jointly with any other person, previously purchased or previously built, directly or indirectly, on...

Written Answers — Department of Finance: Tax Data (17 Jan 2024)

Michael McGrath: I am advised by Revenue that the Department of Social Protection (DSP) requests a file of the Class S contributions from Revenue at the end of December each year, after the self-employed return filing deadline. Revenue has confirmed to me that, while there was a technical issue which resulted in a slight delay in producing the file for the 2022 tax year by the end of December 2023,...

Written Answers — Department of Finance: Tax Code (17 Jan 2024)

Michael McGrath: The application of VAT to goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. The EU VAT Directive provides a common framework of rules and principles which are to be applied across the EU by the various Member States. The VAT Directive also provides that Member States may be permitted to maintain certain historic national arrangements,...

Written Answers — Department of Finance: Electric Vehicles (17 Jan 2024)

Michael McGrath: I propose to take Questions Nos. 364 and 365 together. I am advised by Revenue that the total number of VRT Category A registrations by county for 2023 is set out in the following table. County Total Registrations Electric Vehicle Registrations Carlow 1,575 217 Cavan 2,020 181 Clare...

Written Answers — Department of Finance: Economic Sanctions (17 Jan 2024)

Michael McGrath: EU sanctions have a direct effect in all Member States of the EU, and are legally binding on all natural and legal persons. Ireland has strongly supported sanctions in response to Russia’s unjust and illegal invasion of Ukraine in February of 2022, while also consistently emphasising the importance of effective implementation. Twelve packages of sanctions have been agreed by the EU to...

Written Answers — Department of Finance: Budget 2024 (17 Jan 2024)

Michael McGrath: As the Deputy is aware, I announced in my Budget 2024 speech the intention to introduce a domestic tax on e-cigarettes and vaping products as part of this year’s Budget. In light of public health interests, continuing delays to the revision of the Tobacco Products Tax EU Directive and the Programme for Government commitment to tax e-cigarettes and vapes, I instructed my officials...

Written Answers — Department of Finance: Primary Medical Certificates (17 Jan 2024)

Michael McGrath: Appeal hearings have recommenced since mid-December 2023. I appreciate that it has taken far longer than anticipated to get to this point. With the Department of Health we have had to run four Expression of Interest campaigns over 18 months to source the legislatively required five members. We have also had to re-negotiate new hosting arrangements with the NRH following their withdrawal of...

Written Answers — Department of Finance: Tax Exemptions (17 Jan 2024)

Michael McGrath: Persons who engage solely in agricultural production activities are not obliged to register for Value-Added Tax (VAT) and can participate in the Flat-RateFarmer's Scheme. This scheme is a simplification arrangement permitted under the EU VAT Directive, designed to reduce the administrative burden for farmers by allowing unregistered farmers to be compensated on an overall basis for VAT on...

Written Answers — Department of Finance: Tax Code (17 Jan 2024)

Michael McGrath: The Help to Buy (HTB) incentive is a scheme to assist first-time purchasers with the deposit they need to buy or build a new house or apartment. The incentive gives a refund on Income Tax and Deposit Interest Retention Tax paid in the State over the previous four years, subject to limits outlined in the legislation. Section 477C Taxes Consolidation Act 1997 outlines the definitions and...

Written Answers — Department of Finance: Appointments to State Boards (14 Dec 2023)

Michael McGrath: I am taking ‘independent capacity’ to refer to serving public servants not appointed to a State board in an ex-officio capacity. The State Boards under the aegis of my Department have advised as follows: The following members were serving on the Central Bank Commission in an independent capacity as follows: Blanaid Clarke - 1 October 2010 to 30 September 2018 John Fitzgerald...

Written Answers — Department of Finance: Tax Rebates (14 Dec 2023)

Michael McGrath: Section 118(5G) of the Taxes Consolidation Act 1997 provides for the Cycle to Work scheme. This scheme, introduced in 2009, offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. The scheme operates on a self-administration basis. Relief is...

Written Answers — Department of Finance: Departmental Inquiries (14 Dec 2023)

Michael McGrath: It would not be appropriate for me to comment on individual cases, but my Department is reviewing the issues arising, and my officials have been in touch with the party concerned.

Written Answers — Department of Finance: Banking Sector (14 Dec 2023)

Michael McGrath: The transfer or sale of a creditor's benefits and rights under a credit agreement is a commercial decision for an individual firm. As Minister for Finance, I have no function or role in such decision-making matters by credit institutions or other mortgage entities. However, there is a robust consumer protection framework in place in relation to credit agreements. This framework...

Written Answers — Department of Finance: Acht na dTeangacha Oifigiúla (14 Dec 2023)

Michael McGrath: Níl aon bhuiséad ag mo Roinnse le haghaidh fógraíochta, agus ní raibh aon chaiteachas fógraíochta ag an Roinn in 2023.