Results 181-200 of 27,437 for speaker:Michael McGrath

Written Answers — Department of Finance: Tax Code (20 Mar 2024)

Michael McGrath: At the outset, I wish to reassure the Deputy that I recognise the concerns felt by many local community groups across the country around the cost and availability of insurance cover for their centres or halls. Insurance reform is a key priority for this Government and is being delivered via the Action Plan for Insurance Reform with the vast bulk of the actions now either implemented or...

Written Answers — Department of Finance: Housing Schemes (20 Mar 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: " '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 his or her own behalf a...

Written Answers — Department of Finance: Banking Sector (20 Mar 2024)

Michael McGrath: The NTMA have informed me that they have contacted An Post and I understand that the issue has been resolved.

Written Answers — Department of Finance: Tax Code (20 Mar 2024)

Michael McGrath: I propose to take Questions Nos. 228, 229, 231, 232, 240, 253 and 275 together. As the Deputies will be aware, in 2022 in light of the acute impact rising prices were having on households and business, Government provided for excise rate reductions in the order of 21, 16 and 5.4 cent per litre on petrol, diesel and Marked Gas Oil (MGO) respectively. These temporary reductions were due to...

Written Answers — Department of Finance: Prize Bonds (20 Mar 2024)

Michael McGrath: The NTMA have informed me that the weekly Prize Bond draws are conducted by the Prize Bond Company on behalf of the National Treasury Management Agency; The Prize Bond Company contracts Insight Statistical Consulting, Dublin to conduct independent analysis of weekly prize bond draws.

Written Answers — Department of Finance: Tax Exemptions (20 Mar 2024)

Michael McGrath: Ireland’s excise regime for fuel is governed by European Union law as set out in Directive 2003/96/EC, commonly known as the Energy Tax Directive (ETD). The ETD prescribes minimum tax rates for fuel with which all Member States must comply. Finance Act 1999 provides for the application of excise duty, in the form of MOT, to specified mineral oils, such as petrol, diesel, and kerosene,...

Written Answers — Department of Finance: Departmental Reviews (20 Mar 2024)

Michael McGrath: As the Deputy is aware, the Remittance Basis of Taxation (RBT) concerns how non-domiciled Irish residents are taxed on their worldwide income. The Domicile Levy was introduced in the Finance Act 2010 to ensure that Irish-domiciled individuals who meet certain criteria make a contribution to the exchequer, irrespective of where they are resident for tax purposes. The purpose of the levy is...

Written Answers — Department of Finance: Tax Credits (20 Mar 2024)

Michael McGrath: I propose to take Questions Nos. 235 to 239, inclusive, together. Mortgage Interest Tax Relief is available to home owners with an outstanding mortgage balance on their principal private residence of between €80,000 and €500,000 on 31 December 2022. Mortgage Interest Tax Relief is available to qualifying claimants at the standard rate of tax and is based on the increase in...

Written Answers — Department of Finance: Departmental Staff (20 Mar 2024)

Michael McGrath: In the years from 2019 to date, my Department did not grant any exit, severance or redundancy packages of between €100,000 and €200,000. The information in relation to bodies under the aegis of my Department is in the table below. All payments were made in accordance with guidelines issued by the Department of Public Expenditure, NPD Delivery and Reform. The National...

Written Answers — Department of Finance: Revenue Commissioners (20 Mar 2024)

Michael McGrath: I propose to take Questions Nos. 242 to 245, inclusive, together. I am advised by Revenue the number of gaming machines seized by Revenue, under section 43 of the Finance Act 1975 in each of the years 2020 to 2023 is outlined below in tabular form. Year No. Seized 2020 60 2021 0 2022 0 ...

Written Answers — Department of Finance: Financial Services (20 Mar 2024)

Michael McGrath: As the Deputy is aware, neither I, nor the Central Bank of Ireland, can direct the pricing or provision of insurance products. This position is reinforced by the EU framework for insurance (the Solvency II Directive). Officials in my Department have engaged with Insurance Ireland, the official industry body, for more information on this issue. It advised that when consumers are taking out...

Written Answers — Department of Finance: EU Bodies (20 Mar 2024)

Michael McGrath: The final costs associated with the bid to host the Anti-Money Laundering Authority are being collated by officials in my Department with some charges yet to be allocated for hotels and transport. At this point, the main costs incurred during the application process are set out below: Advertising €176,638 Travel €21,586 ...

Written Answers — Department of Finance: EU Bodies (20 Mar 2024)

Michael McGrath: My Department was never in negotiation with any of the developers during the Anti-Money Laundering Authority (AMLA) bid application process and no commercial or residential property was off the market during the application for AMLA. As part of the EU Commission application form for the AMLA, each Member State seeking to host AMLA was required to identify suitable premises as a...

Written Answers — Department of Finance: Official Engagements (20 Mar 2024)

Michael McGrath: On the final day of my visit to China I met with the Minister for Finance of the People's Republic of China, Mr Lan Foan, in the Ministry of Finance in Beijing. The meeting, which lasted for ninety minutes, provided an important opportunity to discuss the bilateral trade between Ireland and China, and the political and diplomatic relationship between our two countries. We also discussed...

Written Answers — Department of Finance: Departmental Policies (20 Mar 2024)

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

Written Answers — Department of Finance: Tax Yield (20 Mar 2024)

Michael McGrath: I am advised by Revenue that the receipts raised from the Sugar Sweetened Drinks Tax (SSDT), broken down by applicable SSDT band, are published on the Revenue website at the following link: www.revenue.ie/en/corporate/information-about-revenue/statis tics/excise/sugar-tax/index.aspx. The provisional receipts to the end of February 2024 are €5.7m, made up of €0.1m in SSDT...

Written Answers — Department of Finance: Tax Code (20 Mar 2024)

Michael McGrath: I am advised by Revenue that 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...

Written Answers — Department of Finance: Revenue Commissioners (20 Mar 2024)

Michael McGrath: In 2022, Revenue commenced a compliance based review of the IREF regime with the aim of identifying the reason(s) for the reduction, primarily but not exclusively in relation to IREF withholding tax paid by IREFs in 2021, in respect of IREF taxable events that occurred in accounting periods ended in 2020 relative to the amount of IREF withholding tax paid in 2020 in respect of taxable events...

Written Answers — Department of Finance: Tax Code (20 Mar 2024)

Michael McGrath: I am advised by Revenue that 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 the categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member...

Written Answers — Department of Finance: Departmental Funding (20 Mar 2024)

Michael McGrath: I wish to inform the Deputy that my Department does not fund any NGOs.