Results 201-220 of 14,758 for speaker:Michael McGrath in 'Written Answers'

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.

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

Michael McGrath: While I or my Department have not engaged directly with the National Women’s Council of Ireland (NWCI) during the specified timeframe, the NWCI is a participant in the National Economic Dialogue, which is annually hosted jointly by my Department and the Department of Public Expenditure, NDP Delivery and Reform. In relation to the bodies under the aegis of my Department, the Central...

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

Michael McGrath: I note that the Deputy has referred to committed couples. For the purpose of this reply it is assumed he is referring to cohabiting couples. Where a couple is cohabiting, rather than married or in a civil partnership, they are treated as separate and unconnected individuals for the purposes of income tax. Each partner is a separate entity for tax purposes, therefore, cohabiting couples...

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

Michael McGrath: I am answering this question in reference to the temporary changes to vehicle BIK provided in sections 7 and 8 in Finance Act (No. 2) 2023. The Government remains committed to the environmental rationale behind the current emissions-based vehicle benefit-in-kind (BIK) regime, which has been in operation since 1 January 2023. Since this date, the amount taxable as BIK continues to be...

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

Michael McGrath: As the Deputy is aware, National Asset Residential Property Services (NARPS) was created by NAMA to acquire housing units for onward long term lease to Approved Housing Bodies and Local Authorities. Following a review of NAMA in 2019, as required under Section 227 of the NAMA Act, NAMA was directed by my predecessor to retain NARPS and its portfolio of 1,366 residential properties in...

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

Michael McGrath: I am advised by Revenue that the total number of individuals who paid the domicile levy for the years 2010 to 2022 are set out in the table below. Domicile Levy returns for 2023 are not due to be filed until 31 October 2024 so there are no figures available for that year. Domicile Levy Year No. of Individuals 2010 34 2011 ...

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

Michael McGrath: I am advised by Revenue that the number of Form 11 income tax returns on which the taxpayer has indicated that they are non-domiciled is set out in the following table. The data is on a taxpayer unit basis, where jointly assessed couples are counted as one unit, and the taxpayer unit is counted where either party to the joint assessment has indicated that they are non-domiciled. ...

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

Michael McGrath: An individual who is resident or ordinarily resident, but not domiciled in the State, is subject to the “remittance” basis of tax on foreign income and gains. Under the remittance basis, such individuals pay tax on: (1) Income and gains arising in Ireland, (2) Foreign income which they “remit” or bring into the State, and (3) Foreign gains where they...