Pearse Doherty
Question:141. Deputy Pearse Doherty asked the Minister for Finance the cost to the Exchequer of reducing value-added tax to 9% on new housing. [5616/16]
View answerWednesday, 6 April 2016
Questions (141)
Written answers
I am advised by the Revenue Commissioners that the information furnished on VAT returns does not require the yield from particular activities or products to be identified, and therefore it is difficult to estimate the VAT yield for the sector mentioned by the Deputy. However, based on information extrapolated from various data sources, it is estimated that reducing the VAT rate to 9% on new housing would cost in the order of €200m.