Results 1-11 of 11 for agriculture scheme data speaker:Michael McGrath

Seanad: Finance (No. 2) Bill 2023: Second Stage (28 Nov 2023)

Michael McGrath: ...which applies a reduced rate of capital gains tax to gains up to the twice the value of the initial investment. This will offer additional funding support for innovative start-up SMEs. In this same vein, the employment investment incentive scheme is enhanced by standardisation of the investment period to four years and doubling the amount of relief which an investor can claim. Subject to...

Written Answers — Department of Finance: Revenue Commissioners (14 Nov 2023)

Michael McGrath: I propose to take Questions Nos. 133 and 135 together. Section 28B of the Emergency Measures in the Public Interest (Covid-19) Act 2020 provides for the Employment Wage Subsidy Scheme (EWSS), which was an economy-wide enterprise support provided to eligible businesses in respect of eligible employees. The administration of the EWSS was placed under the care and management of Revenue. As the...

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance (No. 2) Bill 2023: Committee Stage (Resumed) (8 Nov 2023)

Michael McGrath: ...the reduction in the farmers’ flat-rate addition from 5% to 4.8% with effect from 1 January 2024. The new 4.8% rate will continue to achieve full compensation for farmers under the flat-rate scheme. The farmer’s flat rate scheme is reviewed each year in the run-up to the budget in accordance with criteria set down in the EU VAT directive. The rate must be based on...

Written Answers — Department of Finance: Tax Data (7 Nov 2023)

Michael McGrath: I propose to take Questions Nos. 311 to 314, inclusive, together. The Tax Debt Warehousing scheme has offered valuable and practical liquidity support to businesses during the COVID pandemic and continues to support businesses as they recover from the impacts of the pandemic and increased energy prices. It has assisted businesses with their cash-flow during difficult trading periods,...

Finance (No. 2) Bill 2023: Second Stage (24 Oct 2023)

Michael McGrath: ...support for innovative start-up SMEs. This will apply a reduced rate of capital gains tax to gains up to the twice the value of the initial investment. While not included in the Bill as initiated, the necessary provisions will be introduced by means of a Committee Stage amendment. In the same vein, the employment investment incentive scheme provides SMEs and start-ups with an...

Written Answers — Department of Finance: Tax Reliefs (13 Jun 2023)

Michael McGrath: ...;52.5m. The acceleration of wear and tear allowances for farm safety equipment is provided for under Section 285D Taxes Consolidation Act 1997 (TCA). Introduced with effect from 1 January 2021, this scheme is currently due to expire on 31 December 2023. Subject to certification of eligible expenditure by the Minister for Agriculture, Food and the Marine, the scheme allows persons carrying...

Written Answers — Department of Finance: Business Supports (9 May 2023)

Michael McGrath: The Temporary Business Energy Support Scheme (TBESS) was introduced to support qualifying businesses with increases in their electricity or natural gas costs arising from the invasion of Ukraine by Russia. Sections 100 to 102 of the Finance Act 2022 make provision for the TBESS. The scheme provides support to qualifying businesses in respect of energy costs relating to the period from 1...

Financial Resolutions 2022 - Budget Statement 2023 (27 Sep 2022)

Michael McGrath: ...will deliver on the programme for Government commitment to expand the current service provision to those companies with more than ten employees. It will also allow for the continued roll-out of the energy efficiency scheme for small firms. In addition to the temporary business energy support scheme announced by the Minster, Deputy Donohoe, today, the Government this morning approved a...

Estimates for Public Services 2022 (22 Feb 2022)

Michael McGrath: ...of unspent appropriations, the surrender of which may be deferred under Section 91 of the Finance Act 2004. Vote 24 — Justice (Revised Estimate)That a sum not exceeding €422,890,000 be granted to defray the charge which will come in course of payment during the year ending on the 31st day of December, 2022, for the salaries and expenses of the Office of the Minister for...

Financial Resolutions 2021 - Budget Statement 2022 (12 Oct 2021)

Michael McGrath: ...the incomes of 1.36 million people over the course of the pandemic, including more than 660,000 workers, who at different times had their wages paid in full or in part by the State through the wage subsidy scheme. The Irish economy is now rebounding strongly. The economic growth we are seeing, and the return of so many people to work, is evidence that the Government was right to step in...

Estimates for Public Services 2021 (16 Jun 2021)

Michael McGrath: ...year ending on the 31st day of December, 2021, for the salaries and expenses of the Property Registration Authority. Vote 24 — Justice (Revised Estimate) That a sum not exceeding €399,509,000 be granted to defray the charge which will come in course of payment during the year ending on the 31st day of December, 2021, for the salaries and expenses of the Office of the...