Dáil Éireann Debate, Thursday - 16 June 2016
102. Deputy Michael McGrath asked the Minister for Finance the Value Added Tax generated from the sale of new residential housing and the number of cases in each of the years 2006 to 2016 to date, in tabular form; and if he will make a statement on the matter. [16512/16]
View answerI am informed by Revenue that it is not possible to furnish precise figures of the amount of VAT collected from the residential housing sector as the information provided to Revenue on VAT returns does not require the yield from specific transactions or activities to be identified. However, based on housing completion data published by the Department of the Environment, Heritage and Local Government and other sources, an estimate of the amount of VAT generated from new residential housing completions for the years 2006 to 2015 is shown in the following Table. Figures are unavailable at present for 2016. With regard to the number of cases for these years, this information is not available.
|
Year |
Estimated VAT Yield on Completions (€m) |
|
2006 |
2,632 |
|
2007 |
2,399 |
|
2008 |
1,225 |
|
2009 |
542 |
|
2010 |
423 |
|
2011 |
276 |
|
2012 |
206 |
|
2013 |
177 |
|
2014 |
281 |
|
2015 |
400 |
