Dáil Éireann Debate, Tuesday - 3 July 2018
63. Deputy Joan Burton asked the Minister for Finance the evaluation which has been carried out in respect of the ongoing retention of the 9% VAT rate; the estimated cost of the tax reduction in 2018; the estimated cost in 2019; and if he will make a statement on the matter. [29091/18]
View answerMy Department has undertaken an economic review of the 9% VAT rate ahead of this year’s Budget and the report is currently in the finalisation stages.
The Revenue Commissioners most recent estimate for reverting the reduced 9% VAT rate back to 13.5% is that it would bring in extra revenue of €527 million.
I am also advised by the Revenue Commissioners that an estimate for the cost of the measure in 2019 is not yet available.
