Results 1,301-1,320 of 27,945 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Code (5 Dec 2023)

Michael McGrath: The VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States may apply a lower rate of...

Written Answers — Department of Finance: Departmental Advertising (5 Dec 2023)

Michael McGrath: I wish to advise the Deputy that my Department did not advertise on X, formally known as Twitter, from 2019 to-date 2023.

Written Answers — Department of Finance: Tax Collection (5 Dec 2023)

Michael McGrath: I understand the Deputy’s office has confirmed this question relates to PAYE taxpayers. I am advised by Revenue that, where an income tax return is not completed, it is not possible for Revenue to know if a taxpayer may be due additional credits or reliefs. Therefore, it is not possible to provide the Deputy with final figures on the amount of overpaid tax as individual taxpayer...

Written Answers — Department of Finance: Defective Building Materials (5 Dec 2023)

Michael McGrath: The overall Government response on the problems associated with defective concrete blocks is led by my colleague the Minister for Housing, Local Government and Heritage. His Department is engaging with impacted householders and relevant stakeholders and has put in place a scheme of financial support to help affected homeowners. Some homeowners have identified potential challenges with...

Written Answers — Department of Finance: Online Safety (5 Dec 2023)

Michael McGrath: Records indicate that there were several meetings during the period with the entities referred to by the Deputy. One of these was with my predecessor and the rest were with Department officials. The topics of the meetings included the EU Cybersecurity Act and International and EU tax developments and not the issue raised by the deputy.

Written Answers — Department of Finance: Tax Reliefs (30 Nov 2023)

Michael McGrath: I propose to take Questions Nos. 308, 309, 310 and 321 together. 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)....

Written Answers — Department of Finance: White Papers (30 Nov 2023)

Michael McGrath: I am advised that my Department has not published any White Papers over the period 2008 to date. As part of the annual budgetary process, my Department publishes a document entitled “Estimate of Receipts and Expenditure For the Year Ending 31 December”. While this is often referred to as the 'White Paper', it is not a policy paper and does not set out to identify any...

Written Answers — Department of Finance: Departmental Data (30 Nov 2023)

Michael McGrath: I wish to advise the Deputy that the Department of Finance commissioned or funded eight reports, and in collaboration with other Departments part funded one report, categorised or designated as not for external publication at a cost of €246,700.45 for the period 2011 to 28 November 2023.

Written Answers — Department of Finance: Vehicle Registration Tax (30 Nov 2023)

Michael McGrath: S.I. No. 318 of 1992, the Vehicle Regulation and Taxation Regulations, 1992 (as amended), governs the content, text, size, and other requirements of a registration plates. Certain characteristics of Irish plates are aligned with other countries across the EU by Council Regulation (EC) 2411/98 and by the Vienna Convention on Road Traffic. The National Car Test (NCT) includes checks on the...

Written Answers — Department of Finance: Tax Code (30 Nov 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. I understand that farmers who register for VAT have an entitlement to reclaim VAT on costs incurred in relation to their agricultural business. A farmer...

Written Answers — Department of Finance: Primary Medical Certificates (30 Nov 2023)

Michael McGrath: Progress has been made on efforts to convene a new Disabled Drivers Medical Board of Appeals (DDMBA), to secure new hosting arrangements for the DDMBA and to recommence the appeals process. I have now formally appointed all five members to the new DDMBA. Funding arrangements between the Department of Finance and the Department of Health have been agreed. On this basis the National...

Written Answers — Department of Finance: Departmental Expenditure (30 Nov 2023)

Michael McGrath: I wish to advise the Deputy that the Department of Finance had no spend on advertisements with the website X (formally Twitter) for the dates 2021 to 27 November 2023.

Written Answers — Department of Finance: Departmental Expenditure (30 Nov 2023)

Michael McGrath: I wish to advise the Deputy that the Department of Finance had no spend on advertisements with the websites Facebook and Instagram for the dates 2021 to 27 November 2023.

Written Answers — Department of Finance: Departmental Expenditure (30 Nov 2023)

Michael McGrath: I wish to advise the Deputy that the Department of Finance had no spend on advertisements with the website Google for the dates 2021 to 27 November 2023.

Written Answers — Department of Finance: Tax Exemptions (30 Nov 2023)

Michael McGrath: I am advised by Revenue that the estimate for the additional annual revenue associated with the removal of the existing employer’s PRSI exemption from share-based remuneration for employers of all sizes remains €275 million. As I have previously advised, a breakdown of the potential revenue by employer size is not available. As announced in my Budget speech, my...

Written Answers — Department of Finance: Defective Building Materials (30 Nov 2023)

Michael McGrath: The Government response to this issue is led by the Minister for Housing, Local Government and Heritage, who has put in place a scheme of financial support to help homeowners affected by defective concrete blocks. Some homeowners have identified potential challenges with commencing remediation work in circumstances where advance payment is required by building professionals prior to...

Written Answers — Department of Finance: Tax Rebates (29 Nov 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. I understand that farmers who register for VAT have an entitlement to reclaim VAT on costs incurred in relation to their agricultural business. A farmer...

Written Answers — Department of Finance: Tax Code (29 Nov 2023)

Michael McGrath: As part of Budget 2024, I introduced a personal income tax package to the value of €1.3 billion in 2024 and €1.5 billion in a full year. The budget tax package is built around 3 key pillars: changes to tax credits, the standard rate band and USC, and the Government has sought to use each of these levers to spread the benefit of the available package as effectively as...

Written Answers — Department of Finance: Departmental Expenditure (29 Nov 2023)

Michael McGrath: The European Communities (Late Payment in Commercial Transactions) Regulations 2012 provide that interest shall be payable in respect of a late payment. The Regulations, which apply equally to the public and private sector, provide an entitlement to interest if payment, in respect of a commercial transaction, is late. With effect from 1 July 2023, the late payment interest rate is 12% per...

Written Answers — Department of Finance: Tax Reliefs (29 Nov 2023)

Michael McGrath: Section 89 of the Capital Acquisitions Tax Consolidation Act 2003 (CATCA 2003) provides for a relief from capital acquisitions tax (CAT) for gifts and inheritances of agricultural property where certain conditions are met. Where the relief applies, it operates by reducing the market value of qualifying assets by 90%, such that CAT is payable on the reduced value (after allowing for any...