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Committee on Budgetary Oversight: Business of Select Committee (29 Nov 2023)

Aindrias Moynihan: We have apologies from Deputies Matthews and Cowen. I propose that we go into private session to deal with some housekeeping matters. Is that agreed? Agreed.

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: I welcome from the Department of Finance Ms Clare Costello, principal officer with responsibility for personal taxes, Ms Deirdre Donaghy, principal officer and head of business tax, Ms Joanne Mulholland, assistant principal in the economics division, Mr. Patrick Brennan, assistant principal responsible for residential premises rental income relief, Ms Sorsha Foran, assistant principal...

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: I will open the discussion to the floor.

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: Thank you, Ms Costello, for the huge amount of information on that. I have one or two questions about it myself. On both the mortgage and the rent, a great many people are under pressure from these interest rate increases, and the idea of mortgage interest relief is a very positive move for them. I understand there are over 200,000 people in that situation who would be able to access or...

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: Where people are not comfortable doing their business online, what are the options available to them to do it offline?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: When you say you expect to have the portal available by the beginning of the year, does that mean that people can immediately start applying or are there particular timelines for it?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: Moving on to the rental relief, we had a good bit of discussion about people leaving and the purpose of the relief for keeping properties in the market. When people leave, either when they retire or, unfortunately, when they pass away, what is the story there? Can the witnesses give an outline? Also, if the property is being sold on - for example, if somebody is leaving and they are using...

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: Inheritance tax is being claimed out of the estate anyway.

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: What about where a property is sold on to the local authority in a tenantin situ situation and the property remains in the rental market?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: Is Deputy Durkan satisfied?

Committee on Budgetary Oversight: Tax Expenditures in Budget 2024: Department of Finance (29 Nov 2023)

Aindrias Moynihan: Deputy Durkan is spot on. That concludes our session. I thank the witnesses for attending and for the huge volume of information. Táimid an-bhuíoch as an eolas go léir a chur siad ar fáil agus toisc gur ghlac siad páirt sa phlé. I propose that we now go into private session before adjourning the meeting. Is that agreed? Agreed.

Written Answers — Department of Public Expenditure and Reform: Flood Risk Management (28 Nov 2023)

Aindrias Moynihan: 64. To ask the Minister for Public Expenditure and Reform when a flood defence scheme (details supplied) will advance; and if he will make a statement on the matter. [52319/23]

Written Answers — Department of Enterprise, Trade and Employment: Brexit Supports (28 Nov 2023)

Aindrias Moynihan: 251. To ask the Minister for Enterprise, Trade and Employment what income by Enterprise Ireland has been sanctioned by his Department to ensure that Irish businesses have increased financial supports available under the Brexit adjustment initiative to assist and prepare for the new UK import rules to be imposed on Irish and EU exports and to commence at the end of January 2024; and if he will...

Written Answers — Department of Finance: Insurance Coverage (23 Nov 2023)

Aindrias Moynihan: 116. To ask the Minister for Finance what measures are being considered to assist homeowners whose home insurance does not include flood cover; and if he will make a statement on the matter. [51550/23]

Written Answers — Department of Finance: Insurance Industry (23 Nov 2023)

Aindrias Moynihan: 118. To ask the Minister for Finance what reductions in motor insurance premiums could be achieved to benefit motorists on the announcement that insurance details from the MIBI is now shared directly with An Garda Síochána; and if he will make a statement on the matter. [51549/23]

Written Answers — Department of Children, Equality, Disability, Integration and Youth: EU Directives (23 Nov 2023)

Aindrias Moynihan: 284. To ask the Minister for Children, Equality, Disability, Integration and Youth what measures he is taking on Ireland being referred by the European Commission to the EU’s Court of Justice for failing to fully comply with the process for implementing new rules about protecting the work-life balance for parents and carers; and if he will make a statement on the matter. [51547/23]

Written Answers — Department of Children, Equality, Disability, Integration and Youth: EU Directives (23 Nov 2023)

Aindrias Moynihan: 285. To ask the Minister for Children, Equality, Disability, Integration and Youth the reason there has been no response to the European Commission’s letter of formal notice in September 2022 requesting confirmation of completed transposition of the Work-life Balance Directive adopted in 2019; and if he will make a statement on the matter. [51548/23]

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

Aindrias Moynihan: Briefly, I want to keep the focus on those on middle incomes, the middle four deciles of people on average incomes, because for many years they felt they were not getting the benefit of various budgets. I am anxious that any taxation measures or changes are of benefit to them. This is especially important if there are changes to their income. We do not want to see small cost-of-living...

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

Aindrias Moynihan: I am sorry about the mix-up. There were two amendments in my name and one of them has been ruled out of order. This amendment is aimed at a report on indexing and the opportunity to ensure that people who are on those lower and middle incomes would get the maximum benefit from any budget move. On the indexing of credits and bands, it is always unclear what it would be indexed to. I...

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

Aindrias Moynihan: I thank the Minister for the overview. Reducing the 4.5% USC rate to 4% is a positive move. That it is the first move in five years is significant as well and I very much welcome that. I take the point on duplication of information. I am very much conscious of that and want to avoid any such duplication. I want to ensure we are in the most informed position to be able to make a decision...

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