Skip to main content
Normal View

Dáil Éireann debate -
Wednesday, 19 Mar 1969

Vol. 239 No. 4

Ceisteanna—Questions. Oral Answers. - Taxes on Building Materials.

46.

Mr. T.J. Fitzpatrick

(Cavan) and Mr. Reynolds asked the Minister for Finance if turnover tax and wholesale tax apply to timber, glass and gutters used in the building industry; and, if so, the rates of tax on each.

Receipts from sales of timber, glass and gutters are liable to turnover tax at 2½ per cent and wholesale tax at 10 per cent. Provision exists for a rebate of wholesale tax liability in the case of sales to persons, such as builders, who do not sell the goods in the course of business. Because of this the effective combined rate for both taxes on sales to builders is approximately 11.7 per cent.

47.

Mr. T.J. Fitzpatrick

(Cavan) and Mr. Reynolds asked the Minister for Finance the items of material used in connection with the building industry which are subject to turnover and wholesale taxes; and the rates of tax applicable.

The general position is that sales of goods are subject to turnover tax and wholesale tax unless the goods have been specifically exempted by the relevant Finance Acts or by Exemption Orders made thereunder.

The building materials which are exempt from both taxes are listed at paragraph 5(p) of the Guide to the Wholesale Tax, a revised edition of which was issued in November, 1968. It may be taken that all other building materials are liable to both taxes.

The effective combined rate of turnover tax and wholesale tax on sales to builders is 11.73 per cent.

Top
Share