Vol. 542 No. 2
277 Mr. Farrelly asked the Minister for Finance if the amount of money received by the Exchequer in VAT payments from the sale of new houses at the end of the third quarter for the year 2001 and for each of the full years for the past five years; the amount of stamp duty received by the Revenue Commissioners to date and for each of the past five years; and if he will make a statement on the matter. [24038/01]
As VAT figures are not required to be completed in a manner which identifies the yield from the supply of certain goods or services all the figures in respect of VAT are estimated. In addition, the figure in respect of 2001 is based on 75% of the projected yield from the 2001 VAT base. The estimated figures as sought by the Deputy are as follows 1996, £216.38 million – 274.75 million; 1997, £291.64 million – 370.31 million; 1998, £391.72 million – 497.38 million; 1999, £507.84 million – 644.82 million; 2000, £654.64 million – 831.22 million; and 2001 – to 30 September 2001 – £568.07 million – 721.30 million.
I am informed by the Revenue Commissioners that stamp duty data is not collected in a manner which allows for precise details of the stamp duty yield from the sale of new or second-hand houses. The approximate stamp duty yield from new houses and second-hand houses – including apartments – for the years 1996 to 2000, and the first nine months of this year, is estimated as follows:
It should be noted that the rates and exemptions thresholds for second-hand houses were changed in mid 2000 which would effect the comparison.
|
Year |
Yield |
Yield |
|
1996 (est.) |
£2 million |
2.54 million |
|
1997 (est.) |
£2 million |
2.54 million |
|
1998 (est.) |
£2 million |
2.54 million |
|
1999 (est.) |
£3 million |
3.81 million |
|
2000 (est.) |
£3 million |
3.81 million |
|
2001(est.toendSept.) |
£7 million |
8.89 million |
|
Year |
Yield |
Yield |
|
1996 (est.) |
£115 million |
146.02 million |
|
1997 (est.) |
£151 million |
191.73 million |
|
1998 (est.) |
£166 million |
210.78 million |
|
1999 (est.) |
£204 million |
259.03 million |
|
2000 (est.) |
£219 million |
278.07 million |
|
2001 (est. to end Sept.) |
£149 million |
189.19 million |
