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Seanad: Finance Bill 2019: Committee Stage (Resumed) (3 Dec 2019)

Michael D'Arcy: I acknowledge what the Senator said and I will look at it.

Seanad: Finance Bill 2019: Committee Stage (Resumed) (3 Dec 2019)

Michael D'Arcy: Revenue has indicated that it uses a range of measures to target those involved in the illegal smuggling of goods, which include sharing intelligence on a national, EU and international basis, utilising analytics and technology, and ensuring the optimum deployment of resources. Revenue and An Garda Síochána work together on an ongoing basis in this area. Section 136 of the Finance...

Seanad: Finance Bill 2019: Committee Stage (Resumed) (3 Dec 2019)

Michael D'Arcy: I will not go over what Senator Horkan highlighted because much of it was cases presented. This is not a revenue-raising exercise. Changing the VAT rate on food supplements will result in a net neutral figure because while some supplements will go from 0% to 13.5%, others will go from 23% to 13.5%. That fact is often ignored. This must be clarified because people had differing views on...

Seanad: Finance Bill 2019: Committee Stage (Resumed) (3 Dec 2019)

Michael D'Arcy: Sorry, that statement was meant for the Dáil.

Seanad: Finance Bill 2019: Committee Stage (Resumed) (3 Dec 2019)

Michael D'Arcy: It is important to clarify that foods for specific groups, such as infant follow-on formula and infant foods, foods for special medical purposes and specially formulated foods will continue to be zero-rated. Foods that were correctly zero-rated in the early 1990s will remain at 0% VAT. Folic acid, vitamin and mineral products for human oral use, which are licensed by the Health Products...

Seanad: Finance Bill 2019: Committee Stage (Resumed) (3 Dec 2019)

Michael D'Arcy: During the Dáil Committee Stage of the Finance Bill 2017, the Minister for Finance, Deputy Donohoe, committed to providing a report to the Select Committee on Finance, Public Expenditure and Reform, and Taoiseach on the possible consequences of changes to the treatment of corporation tax loss relief in respect of banks. This report was sent on 31 August 2018 and was also published on...

Seanad: Finance Bill 2019: Committee Stage (Resumed) (3 Dec 2019)

Michael D'Arcy: The Urban Regeneration and Housing Act 2015 introduced the vacant site levy, which is aimed at incentivising the development of vacant or under-utilised sites in urban areas. When this matter arose in the Dáil, on foot of an identical amendment proposed by Deputy Pearse Doherty, the Minister for Finance gave a commitment to provide information to the finance committee regarding the...

Seanad: Finance Bill 2019: Second Stage (26 Nov 2019)

Michael D'Arcy: When the Minister for Finance, Deputy Donohoe, introduced the budget in the Dáil last month, he outlined the progress made in the economy. He referred to broad-based economic growth, low levels of unemployment, a large increase in public capital expenditure, tax revenues in line with the target of €58.6 billion and a projected surplus of 0.2% of national income. At that time, he...

Seanad: Finance Bill 2019: Second Stage (26 Nov 2019)

Michael D'Arcy: I thank the Senator. He is very kind.

Seanad: Finance Bill 2019: Second Stage (26 Nov 2019)

Michael D'Arcy: It was sarcasm.

Seanad: Finance Bill 2019: Second Stage (26 Nov 2019)

Michael D'Arcy: That is sarcasm.

Seanad: Finance Bill 2019: Second Stage (26 Nov 2019)

Michael D'Arcy: Senators are very narky today.

Seanad: Finance Bill 2019: Second Stage (26 Nov 2019)

Michael D'Arcy: Perhaps Senator Conway-Walsh should be afforded the opportunity to respond.

Seanad: Finance Bill 2019: Second Stage (26 Nov 2019)

Michael D'Arcy: There is no response.

Seanad: Finance Bill 2019: Second Stage (26 Nov 2019)

Michael D'Arcy: Senators seem to have taken the funny beans this afternoon. I thank those who contributed to the debate. On the night of the budget, I responded to all the points made by them-----

Seanad: Finance Bill 2019: Second Stage (26 Nov 2019)

Michael D'Arcy: I was just about to say the same. I was given out to for speaking for 45 minutes that night. We will have further discussion on specific provisions in the Bill on Committee and Report Stages. For those Members who had questions that are outside the scope of the Bill, I will try to get back to them with responses. I have never pretended that everything is 100% right. It is rarely the case...

Finance Bill 2019: Report Stage (Resumed) (20 Nov 2019)

Michael D'Arcy: Whatever he says, Deputy Boyd Barrett will disagree with him.

Finance Bill 2019: Report Stage (Resumed) (20 Nov 2019)

Michael D'Arcy: I did not say that.

Finance Bill 2019: Report Stage (Resumed) (20 Nov 2019)

Michael D'Arcy: I want to correct Deputy Danny Healy-Rae. I did not say that the people of rural Ireland should be paid. I ask him not to say that I said something I did not say. I am very clear on that.

Finance Bill 2019: Report Stage (Resumed) (20 Nov 2019)

Michael D'Arcy: I very clearly did not say that. The Deputy said I said it and he was wrong to say that about me.

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