Results 241-260 of 14,758 for in 'Written Answers' speaker:Michael McGrath

Written Answers — Department of Finance: Departmental Schemes (6 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: Student Accommodation (6 Mar 2024)

Michael McGrath: I am informed by the Revenue Commissioners that for the tax year 2003 and earlier years claims for tax incentive schemes on property were aggregated in tax returns with other claims and could not be distinguished from other reliefs claimed. Accordingly, the specific information on costs for 2003 and earlier years are not available. I am also advised by the Revenue Commissioners that data...

Written Answers — Department of Finance: Departmental Staff (6 Mar 2024)

Michael McGrath: All lump sum payments to civil servants retiring from the Department of Finance are paid from Vote 12 Superannuation and Retired Allowances overseen by the Minister for Public Expenditure, NDP Delivery and Reform subject to normal eligibility requirements. Ministerial personal staff employed on temporary contracts are entitled to severance/ex-gratia payments, including statutory...

Written Answers — Department of Finance: Departmental Staff (6 Mar 2024)

Michael McGrath: In the years from 2019 to date, my Department and the bodies under the aegis of my Department did not grant any exit, severance or redundancy packages of €200,000 and above.

Written Answers — Department of Finance: Revenue Commissioners (6 Mar 2024)

Michael McGrath: I am advised by Revenue that, in compliance with section 851A of the Taxes Consolidation Act 1997 (TCA), it is not permitted to disclose details relating to the tax affairs of any individual taxpayer or taxable entity, except in certain limited circumstances provided for in law, for example in the case of tax settlements meeting the criteria for publication under section 1086 of the TCA. ...

Written Answers — Department of Finance: Banking Sector (6 Mar 2024)

Michael McGrath: As Minister for Finance, I have no role in commercial and operational decisions in any particular bank, even one in which the State has a shareholding. Decisions in this regard are the sole responsibility of the board and management of the banks, which must be run on an independent and commercial basis. This independence is protected by a Relationship Framework which is a legally binding...

Written Answers — Department of Finance: Tax Code (6 Mar 2024)

Michael McGrath: I am advised by Revenue that rental income from Irish-situate property is normally taxable under what is known as Case V of Schedule D of the Taxes Consolidation Act 1997 (TCA) and that Ireland retains taxing rights on income from “immovable property” located in the State under Article 6 of the Double Taxation Agreement between Ireland and the United States of America....

Written Answers — Department of Finance: Departmental Staff (6 Mar 2024)

Michael McGrath: I wish to inform the Deputy that the details of exit packages paid to staff as requested are set out below: In 2016, 2018 and 2019 no exit packages were paid to staff. 2017: Special Adviser; Redundancy of €24,576 Civilian Driver; Redundancy of €7,944 and Severance of €15,921.68 Civilian Driver; Redundancy of €,7944 and Severance of €15,971.62 2020:...

Written Answers — Department of Finance: Customs and Excise (6 Mar 2024)

Michael McGrath: Where a country is not a member of the European Union, it must be treated as a ‘third country’ for VAT and customs purposes. The UK’s relationship with the European Union is somewhat more complicated, in that while most of the UK is outside of the European Union with regards to VAT and customs, Northern Ireland remains within the European Union from the perspective of the...

Written Answers — Department of Finance: Tax Reliefs (5 Mar 2024)

Michael McGrath: In relation to the Deputy’s question regarding tax reliefs in respect of student fees and rent paid for third level education in the UK, 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”. ...

Written Answers — Department of Finance: Financial Services (5 Mar 2024)

Michael McGrath: I am aware of the matter that the Deputy has raised. I have not received any correspondence from the Central Bank on this matter. I have been informed by the Central Bank that it does not have any details of the number of Irish investors in this fund. Investors should be aware that the value of their investments may go down as well as up and the Investor Compensation Scheme - which deals...

Written Answers — Department of Finance: Tax Credits (5 Mar 2024)

Michael McGrath: The rent tax credit was introduced by Finance Act 2022 and will be available in respect of qualifying payments made during the 2022 to 2025 years of assessment inclusive. There is nothing in the arrangements in place for the rent tax credit that seeks to expressly exclude those in receipt of State Pensions from qualifying for the relief. While it is not possible to determine why this the...

Written Answers — Department of Finance: Tax Data (5 Mar 2024)

Michael McGrath: I am advised by Revenue that the Form 11 tax returns capture information on self-declared incomes from a trade, profession, or vocation. This activity is described by the taxpayer on their return in a free-text manner, and as such there is a huge variance in the way activities are described by taxpayers. It is therefore not possible to produce exact figures on those taxpayers who are...

Written Answers — Department of Finance: Primary Medical Certificates (5 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 Exemptions (5 Mar 2024)

Michael McGrath: As the Deputy will be aware, the age exemption applies for any year of assessment where an individual is aged 65 years or over and his or her total income does not exceed €18,000 per annum. Where an individual is a married person or civil partner and is jointly assessed to tax, the age exemption will apply where either individual is aged 65 or over and where the couple’s total...

Written Answers — Department of Finance: Motor Fuels (5 Mar 2024)

Michael McGrath: As the Deputy will be aware, in 2022 in light of the acute impact rising prices were having on households and business, Government provided for excise rate reductions in the order of 21, 16 and 5.4 cent per litre on petrol, diesel and Marked Gas Oil (MGO) respectively. These temporary reductions were due to end initially on 31 August 2022 but following review and monitoring of fuel prices...

Written Answers — Department of Finance: Departmental Properties (5 Mar 2024)

Michael McGrath: I wish to advise the Deputy that as the OPW manage and maintain the states portfolio of properties they would be responsible for all ground rent related matters. My Department is provided with accommodation by the OPW. The Department does not pay ground rent. In relation to the bodies under the aegis of my Department, the National Asset Management Agency (NAMA) has advised as follows:...

Written Answers — Department of Finance: Banking Sector (5 Mar 2024)

Michael McGrath: The Central Bank of Ireland, as part of its mandate to preserve and protect financial stability, has statutory responsibility for the regulation of mortgage lending by banks and other regulated mortgage lending institutions operating in Ireland. In line with this mandate, there are certain regulatory requirements lenders have to meet when providing mortgage credit to consumers. For example,...

Written Answers — Department of Finance: Banking Sector (5 Mar 2024)

Michael McGrath: The NTMA have informed me that they contacted An Post in relation to the matured products as included in the details supplied and understand that An Post has requested additional information from the customer, which at the time of writing remains outstanding.

Written Answers — Department of Finance: Active Travel (5 Mar 2024)

Michael McGrath: I propose to take Questions Nos. 225 and 226 together. Section 118(5G) of the Taxes Consolidation Act 1997 (TCA) provides for the Cycle to Work scheme. This scheme offers an exemption from benefit-in-kind (BIK) where an employer purchases a bicycle and/or associated safety equipment for one of their employees (or directors) to use, in whole or in part, to travel to work. Associated safety...