Results 1,221-1,240 of 27,945 for speaker:Michael McGrath

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

Michael McGrath: I propose to take Questions Nos. 219 and 221 together. Tá an teolas thíos curtha ar fáil ag na comhlachtaí Stáit atá faoi scáth mo Roinne a chomhlíonann an sainmhíniú ar chomhlacht poiblí, mar atá sainmhínithe faoi Achtanna na dTeangacha Oifigiúla, a thabhaigh caiteachas fógraíochta laistigh den amlíne...

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.

Written Answers — Department of Finance: Agriculture Schemes (14 Dec 2023)

Michael McGrath: I propose to take Questions Nos. 222 to 224, inclusive, together. I am advised by Revenue that 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 this affects how VAT incurred on their inputs is treated....

Written Answers — Department of Finance: Housing Policy (14 Dec 2023)

Michael McGrath: As the Deputy is aware, NARPS was created by NAMA to acquire housing units for long term lease to Approved Housing Bodies and Local Authorities. Following a review of NAMA in 2019, as required under Section 227 of the NAMA Act, NAMA was directed to retain NARPS in permanent state ownership. ‘Housing for All’ includes a commitment to agree the process for the transfer of...

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

Michael McGrath: Since the formation of the Government on 27 June 2020 the Department of Finance has delivered a number of policy achievements which include; Budget 2021, 22, 23 and 24 The unforeseen challenges of Ukraine, the ongoing recovery from the pandemic and the continuing fallout from Brexit were addressed from a position of strength with record levels of employment and a budget surplus. Covid 19...

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

Michael McGrath: 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. In relation to the question of parents paying for their children who are studying abroad and in a tenancy outside the State, the purpose behind the rent...

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

Michael McGrath: I am advised by Revenue that the number of non-resident taxpayers who declared rental income on the Form 11 for the years 2016-2021, broken down by their country of residence and their income source (residential or commercial properties), is as set out in the tables below. 2021 Residential Country of Residence Taxpayer Units United Kingdom 6,945 ...

Written Answers — Department of Finance: Vehicle Registration Tax (13 Dec 2023)

Michael McGrath: Statutory Instrument (S.I.) No. 318 of 1992, Vehicle Registration and Taxation Regulations (as amended by S.I. No. 542 of 2012) prescribes the format, lettering, dimensions, and technical specifications of registration plates that must be displayed on all vehicles used on public roads. Section 131(6), Finance Act 1992 provides that the registration number must be displayed in the format...

Written Answers — Department of Finance: Tax Code (13 Dec 2023)

Michael McGrath: I propose to take Questions Nos. 60 to 62, inclusive, together. Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS), which was an economy-wide enterprise support provided to eligible businesses in respect of eligible employees. The administration of the EWSS was placed under the care and management of...

Written Answers — Department of Finance: Tax Yield (13 Dec 2023)

Michael McGrath: I am advised by Revenue that the relevant excise duty rates on fuel and electricity are published on the Revenue website at: www.revenue.ie/en/tax-professionals/tdm/excise/excise-duty-r ates/energy-excise-duty-rates.pdf I am also advised by Revenue that a breakdown of excise receipts for 2022 and prior years is available on the Revenue website at...

Written Answers — Department of Finance: Tax Reliefs (13 Dec 2023)

Michael McGrath: Ireland’s taxation of fuel and electricity is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD provisions relating to taxation of electricity are transposed into national legislation in Chapter 1 of Part 2 of the Finance Act 2008 (as amended). This legislation provides for the application of an excise duty, in...

Written Answers — Department of Finance: Tax Data (13 Dec 2023)

Michael McGrath: I am advised by Revenue that the estimated first and full year costs of reducing the VAT inclusive price of a pint of beer (568ml) with an average alcohol content of 4.2% and a glass of wine (125ml) by 15 cents from 1 February 2024 is shown in the below table. Period Beer €m Wine €m First Year 105 87 ...

Written Answers — Department of Finance: Tax Reliefs (13 Dec 2023)

Michael McGrath: I am advised by Revenue that 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 this affects how VAT incurred on their inputs (such as the purchase or construction of slatted sheds) is treated. Farmers who...

Written Answers — Department of Finance: Tax Code (13 Dec 2023)

Michael McGrath: I am advised by Revenue that, by virtue of sections 70 and 71 Taxes Consolidation Act 1997 (TCA) foreign rental income is taxable in Ireland under what is called Case III of Schedule D. Section 71(4) TCA provides that the computation rules for Irish rental income also apply to foreign rental income. The rules for computing rental profits or gains are set out in section 97 TCA, which...

Written Answers — Department of Finance: Primary Medical Certificates (13 Dec 2023)

Michael McGrath: As the Deputy may be aware, the final report of the National Disability Inclusion Strategy (NDIS) Transport Working Group's (TWG) review of mobility and transport supports which included the Disabled Drivers and Disabled Passengers Scheme (DDS), endorsed proposals for a modern, fit-for-purpose vehicle adaptation scheme in line with international best practice that would replace the DDS, as...

Written Answers — Department of Finance: Tax Appeals Commission (13 Dec 2023)

Michael McGrath: I am advised by Revenue that each application for exemption or relief from Vehicle Registration Tax (VRT) under the Vehicle Registration Tax (Permanent Reliefs) Regulations 1993 is considered on a case-by-case basis. Such applications may, where appropriate, include the consideration of ‘normal residence’ criteria as defined in the Regulations. A taxpayer has the right to...

Written Answers — Department of Finance: Interest Rates (13 Dec 2023)

Michael McGrath: As Minister for Finance, I do not have a role in the setting of deposit rates in any bank, even one in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. The independence of banks in which the State has a shareholding is protected by Relationship...

Written Answers — Department of Finance: Tax Reliefs (13 Dec 2023)

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 this affects how VAT incurred on their inputs (such as the purchase of bulk milk tanks) is treated. I understand that Farmers who elect to register for...

Written Answers — Department of Finance: Financial Services (13 Dec 2023)

Michael McGrath: As Minister for Finance I cannot comment on individual credit cases or particular arrangements that may be agreed between a borrower and a Central Bank regulated entity in order to address a specific repayment difficulty. However, there is a robust consumer protection framework in place in relation to credit agreements. This framework provides the same protections for borrowers,...

Written Answers — Department of Finance: Tax Reliefs (12 Dec 2023)

Michael McGrath: I assume the Deputy is referring to the relief from stamp duty that is provided for by section 81AA of the Stamp Duties Consolidation Act 1999. Section 81AA provides for relief from stamp duty in respect of transfers of agricultural land to individuals who come within the definition of “young trained farmer” on the date the deed transferring the land is executed, subject to...