Jimmy Deenihan
Question:91 Mr. Deenihan asked the Minister for Finance the amount of Revenue he expects to gain from the increase in VAT on holiday accommodation from 10 per cent to 12.5 per cent.
Written Answers. - Yield from VAT Increase.
VAT returns are not completed in a manner which would enable the yield from particular goods or services to be identified. From available non-Revenue data, the gain in 1993 from increasing VAT on holiday accommodation, including hotels, guest houses and holiday homes, from 10 per cent of 12.5 per cent is estimated at £5 million.