Barry Cowen
Question:96. Deputy Barry Cowen asked the Minister for Finance the estimated cost to the Exchequer of increasing VAT on commercial construction to the standard rate. [30999/17]
View answerTuesday, 4 July 2017
Questions (96)
Written answers
I am informed by the Revenue Commissioners that it is tentatively estimated the additional yield from changing the rate of VAT on commercial construction to the standard rate would be in the region of €240m.
As the information provided to Revenue on tax returns does not require traders to identify the yield generated from specific transactions or types of activities, this estimate involves a significant element of approximation.