Dáil Éireann Debate, Tuesday - 8 October 2013
157. Deputy Seán Conlan asked the Minister for Finance the estimated total revenue that will be generated by VAT on the construction industry in 2014 from private sector sources; and if he will make a statement on the matter. [41983/13]
View answer158. Deputy Seán Conlan asked the Minister for Finance the total amount of revenue generated by VAT on the refurbishment and resale of older houses in 2012 and 2013; and if he will make a statement on the matter. [41984/13]
View answer159. Deputy Seán Conlan asked the Minister for Finance the estimated amount of revenue that will be generated by VAT on the refurbishment and resale of older houses in 2014; and if he will make a statement on the matter. [41985/13]
View answer166. Deputy Seán Conlan asked the Minister for Finance the total revenue generated by the VAT on the construction industry in 2012 and 2013; and if he will make a statement on the matter. [42025/13]
View answer167. Deputy Seán Conlan asked the Minister for Finance the total revenue generated by VAT on the construction industry in 2012 and 2013 which came from private sector sources; and if he will make a statement on the matter. [42026/13]
View answer168. Deputy Seán Conlan asked the Minister for Finance the estimated total revenue that will be generated by VAT on the construction industry in 2014; and if he will make a statement on the matter. [42027/13]
View answerI propose to take Questions Nos. 157 to 159, inclusive, and 166 to 168, inclusive, together
I am informed by the Revenue Commissioners that the total yield of domestic VAT revenue attributed to the construction industry as a whole in 2011, which is the latest year for which the necessary detailed data is available, is estimated to be of the order of €92 million. It should be noted that this receipt figure is net of any refunds of tax that were repaid during the year. Equivalent figures for 2012 and 2013 are not yet available.
I am also informed by the Revenue Commissioners that, as the information furnished on VAT returns does not require the yield from a particular sector or sub-sector of economic activity to be identified, it is not possible to estimate the VAT yield for the specific activities mentioned by the Deputy in his questions.
Regarding projected figures for 2014, I would point out that projections for tax receipts are based on assumed movements in macro-economic parameters and not by reference to the expected yields from particular sectors or sub-sector of economic activity. Accordingly, I am not in a position to provide the projected figures requested for 2014.
