Pat Casey
Question:121. Deputy Pat Casey asked the Minister for Finance the VAT revenue gain from the sale of new houses for the past ten years in tabular form; and if he will make a statement on the matter. [33643/16]
View answerTuesday, 8 November 2016
Questions (121)
Written answers
I am informed by the Revenue Commissioners that an estimate of the VAT revenue gain from the sale of new houses from the past 10 years is provided in tabular form:
|
Year |
Estimated VAT Yield New Housing (€m) |
|
2006 |
2,727 |
|
2007 |
2,487 |
|
2008 |
1,289 |
|
2009 |
632 |
|
2010 |
333 |
|
2011 |
159 |
|
2012 |
403 |
|
2013 |
405 |
|
2014 |
417 |
|
2015 |
403 |
|
2016 (provisional) |
563 |
It should be noted that these figures are subject to a large degree of estimation. I am informed by Revenue that the information furnished on VAT returns does not require the yield from a particular activity or product to be identified. In these circumstances the amount of VAT revenue collected in respect of the sale of new houses only cannot be precisely identified from overall VAT receipts.