Results 1,481-1,500 of 27,945 for speaker:Michael McGrath

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 42: In page 49, lines 36 and 37, to delete “in the current accounting period or any subsequent accounting period” and substitute “in any accounting period”. Section 36 of the Bill inserts a new Chapter 5 into Part 33 of the Taxes Consolidation Act 1997 to apply new measures to outbound payments of interest, royalties and distributions,...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: The purpose of the residential premises rental income relief is to provide for a new tax incentive for small-scale landlords. This measure is specifically targeted at attracting and retaining small-scale landlords in the private sector. The purpose of this relief is to support the continued participation of small-scale landlords in the rental market, an objective being progressed through...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: As the Deputy well knows, there are a whole range of measures in budget 2024 designed to help people with the cost of living. We are focusing here on one particular measure. There are changes to our income tax system, changes to our social welfare system, energy credits, exceptional lump sum payments and measures to reduce the cost of accessing public services. The budget must be...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: On 14 September, as the Deputy will be aware, the ECB increased the main lending rate by 0.25%. It was the tenth increase in official rates since the summer of 2022, bringing the ECB's main lending rate to 4.5%. I have consistently said over the past months that the appropriate time to make a decision on whether it was appropriate to provide support to mortgage holders because of the...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 16: In page 19, to delete line 25 and substitute the following: “(b) (i) the upper limit, or (ii) where subsection (9) applies, the amount determined in accordance with paragraph (b) of that subsection;”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 17: In page 19, between lines 25 and 26, to insert the following: “‘upper limit’ means €6,250 or, where subsection (5) applies, the amount determined in accordance with paragraph (a)(i), (a)(ii) or (b), as the case may be, of that subsection.”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 18: In page 20, between lines 27 and 28, to insert the following: “(5) Where, for a year of assessment, qualifying interest referred to in subsection (4) is for a period of less than 365 days, then— (a) where— (i) the number of days in the year of assessment to which ‘A’ in the formula in subsection (4) relates is less than 365 and...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 19: In page 20, line 28, to delete “(5) Where” and substitute “(6) Where”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 20: In page 20, line 33, to delete “(6) Where” and substitute “(7) Where”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 21: In page 21, line 8, to delete “(7) A residential” and substitute “(8) A residential”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 22: In page 21, line 17, after “exist,” to insert “or”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 23: In page 21, to delete lines 18 to 25.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 24: In page 21, line 26, to delete “(d) any interest” and substitute “(c) any interest”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 25: In page 21, line 31, to delete “(8) Notwithstanding” and substitute “(9) Notwithstanding”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 26: In page 21, to delete lines 37 to 40 and substitute the following: “(b) the upper limit shall be apportioned in respect of each of the individuals concerned in accordance with the formula— K x L/Mwhere— K is the upper limit, L is the relievable interest in respect of the individual, and M is the relievable interest as determined by the...

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 27: In page 21, to delete lines 41 and 42, and in page 22, to delete lines 1 to 3.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 28: In page 22, line 4, to delete “(9) Notwithstanding” and substitute “(10) Notwithstanding”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 29: In page 22, line 13, to delete “(10) In making” and substitute “(11) In making”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 30: In page 22, line 36, to delete “subsection (8)(c)” and substitute “subsection (9)(b)”.

Finance (No. 2) Bill 2023: Report and Final Stages (22 Nov 2023)

Michael McGrath: I move amendment No. 31: In page 23, line 5, to delete “(11) A qualifying” and substitute “(12) A qualifying”.