Results 361-380 of 27,519 for speaker:Michael McGrath

Written Answers — Department of Finance: Revenue Commissioners (27 Feb 2024)

Michael McGrath: I am advised by Revenue that it currently operates 3 mobile container x-ray scanners, 1 x-ray backscatter van and 1 mobile baggage scanner van. In addition, Revenue has recently completed a tender for a second mobile baggage scanner van which will be based in Dublin but deployed in various locations nationwide as operational requirements dictate. This van is due for delivery in mid-2024 and...

Written Answers — Department of Finance: Student Accommodation (27 Feb 2024)

Michael McGrath: Information in relation to Section 50 tax expenditures provided to purpose-built student accommodation for the years 2011-2021 are published on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statis tics/tax-expenditures/costs-expenditures.aspx. I am advised by Revenue that the estimated tax cost of claims under the ‘Student Accommodation Scheme’...

Written Answers — Department of Finance: Tobacco Control Measures (27 Feb 2024)

Michael McGrath: I propose to take Questions Nos. 150 and 151 together. I am advised by Revenue that the table below shows the annual increases in the retail price of the most popular price category (MPPC) for a 20 pack of cigarettes since 2011, together with the portions related to tax increases and trade increases. Year MPPC 1 January € Tax Increase € ...

Written Answers — Department of Finance: Illicit Trade (27 Feb 2024)

Michael McGrath: I propose to take Questions Nos. 152 and 153 together. I am assured that Revenue is committed to targeting the illicit tobacco trade and implements a range of measures to identify and target the smuggling, supply or sale of illicit tobacco products, with a view to disrupting the supply chain, seizing the products and, where possible, prosecuting those involved. Revenue’s strategy...

Written Answers — Department of Finance: Tax Reliefs (27 Feb 2024)

Michael McGrath: In relation to the constituent's entitlement to tax reliefs in respect of student fees and rent paid, the following matters are relevant. Section 473A of the Taxes Consolidation Act 1997 provides for tax relief on third-level tuition fees where an individual incurs “qualifying fees” in respect of an “approved course”. I am advised by Revenue that qualifying...

Written Answers — Department of Finance: Tax Credits (27 Feb 2024)

Michael McGrath: The research and development (R&D) corporation tax credit, as provided for in Part 29 of the Taxes Consolidation Act 1997, is available to companies, including companies operating in the green technology space, which are within the charge to Irish tax and which incur expenditure on qualifying R&D activities. The legislation is supplemented by the Taxes Consolidation Act 1997...

Written Answers — Department of Finance: Revenue Commissioners (27 Feb 2024)

Michael McGrath: I am advised by Revenue that the estimation of tax overpaid by PAYE taxpayers is based on the total of all Preliminary End of Year Statements (PEOYS) where an overpayment of tax is indicated. The PEOYS is made available to all PAYE taxpayers at the end of each tax year and sets out the provisional tax position for that particular year, indicating whether the correct amount of tax and/or...

Written Answers — Department of Finance: Revenue Commissioners (27 Feb 2024)

Michael McGrath: I am advised by Revenue that property owners who fail to comply with their Local Property Tax (LPT) obligations are subject to a range of collection and enforcement options including the charging of interest on late payments. Where LPT remains unpaid, taxpayers are informed in writing that interest will apply on the late payment. The current interest rate for late payments of LPT, which...

Written Answers — Department of Finance: Financial Services (27 Feb 2024)

Michael McGrath: I am advised by Revenue that, while the majority of PAYE taxpayers who file returns now do so themselves, a taxpayer may engage an agent to act on their behalf. This is a commercial and professional engagement between the taxpayer and the agent. However it does not remove the responsibility on the taxpayer to ensure that any claim made on their behalf is correct. Revenue has no role...

Written Answers — Department of Finance: Tax Data (27 Feb 2024)

Michael McGrath: The Help to Buy (HTB) initiative announced in Budget 2017 is an income tax incentive measure designed to assist first-time buyers with the deposit required to purchase or self-build a new house or apartment to live in as their home. With a view to increasing the supply of new housing and stimulating demand, the relief is only available in respect of new builds. In the July 2020 stimulus...

Written Answers — Department of Finance: Tax Credits (27 Feb 2024)

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. I am advised by Revenue that the Rent Tax Credit statistics currently available refer only to claims by PAYE taxpayers. Data on claims by self-assessed...

Written Answers — Department of Finance: Data Centres (27 Feb 2024)

Michael McGrath: In relation to my Department, I wish to advise that ICT services are provided by the Office of the Government Chief Information Officer (OGCIO) under the Department of Public Expenditure NDP Delivery and Reform. OGCIO’s Managed Desktop and Managed Hosting services uses a number of data centres which are ISO 27001 certified and are located across Dublin City and the greater Dublin...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Feb 2024)

Michael McGrath: I thank Deputy Durkan for raising the issue and for his support. I also point out that within the legislation there will be the power for the Central Bank to set customer service standards. Therefore, the issue he raises about having to go to two, three or perhaps four ATMs in order to find one that is working will be dealt with, because for the first time they will be registered and...

Ceisteanna ar Pholasaí nó ar Reachtaíocht - Questions on Policy or Legislation (22 Feb 2024)

Michael McGrath: -----but the Deputy will be glad to know that there is a local deficiency test within the legislation which he can raise with the Central Bank.

Written Answers — Department of Finance: Vehicle Registration Tax (22 Feb 2024)

Michael McGrath: I am advised that when a car is imported from outside the EU e.g. Australia, then Customs formalities must be completed and depending on the circumstances Customs Duty, VAT and VRT may be payable. All goods being imported from Australia, including cars, require a Customs import declaration. This is usually completed by a Customs agent on behalf of the importer.However, an individual can...

Written Answers — Department of Finance: Tax Rebates (22 Feb 2024)

Michael McGrath: I am advised by Revenue that, while the majority of PAYE taxpayers who file returns now do so themselves, a taxpayer may engage an agent to act on their behalf. This is a commercial and professional engagement between the taxpayer and the agent. It does not remove the responsibility on the taxpayer to ensure that any claim made on their behalf is correct. Revenue’s website contains...

Written Answers — Department of Finance: Tax Exemptions (22 Feb 2024)

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 farm equipment) is treated. Eligibility for grant funding under the Targeted...

Written Answers — Department of Finance: Tax Exemptions (22 Feb 2024)

Michael McGrath: Savings with an Irish bank, or other deposit taker such as a credit union or An Post, are generally subject to Deposit Interest Retention Tax (DIRT) at a rate of 33% (USC does not apply and PRSI may apply). DIRT will be deducted by the deposit taker unless the account is specifically exempt. Whether or not an account held by a person in receipt of an invalidity pension is exempt from DIRT...

Written Answers — Department of Finance: Pension Levy (22 Feb 2024)

Michael McGrath: As the Deputy is aware the pension fund levy was introduced in the wake of the financial crises, at a time when the economy was in very serious difficulties. It was charged on the market value of assets in pension schemes held on 30 June in each year at a rate of 0.6% (2011 to 2013), 0.75% (2014) and 0.15% (2015). It is important to note that this levy was discontinued from 2016. ...

Written Answers — Department of Finance: Tax Code (21 Feb 2024)

Michael McGrath: The Residential Zoned Land Tax (RZLT) is a new tax introduced in Finance Act 2021 which seeks to increase housing supply by encouraging the activation of development on lands which are suitably zoned and appropriately serviced. It aims to bring those lands which have benefitted from investment in services and are capable of being developed forward for housing. The tax is an action contained...