Dáil Éireann Debate, Friday - 7 September 2018
137. Deputy Catherine Murphy asked the Minister for Finance the amount of VAT foregone by the Revenue Commissioners at the 9% rate for each year and to date in 2018 since the rate was introduced; the amount collected in tabular form; and if he will make a statement on the matter. [36196/18]
View answer157. Deputy Richard Boyd Barrett asked the Minister for Finance the amount of revenue foregone each year by maintaining the 9% VAT rate for the hospitality sector; and if he will make a statement on the matter. [36592/18]
View answerI propose to take Questions Nos. 137 and 157 together.
I am advised by the Revenue Commissioners that information provided on VAT3 returns (the primary return filed by VAT traders) does not require a trader to separately identify the yield from specific rates. Based on Revenue data and other third-party data sources, a tentative estimate of the VAT foregone for all goods and services supplied at the second reduced rate of 9% from 2011 to 2017 is provided in the table (an estimate for 2018 to date is not presently available).
|
Year |
VAT Foregone |
|
2011 |
€150m |
|
2012 |
€315m |
|
2013 |
€355m |
|
2014 |
€375m |
|
2015 |
€420m |
|
2016 |
€460m |
|
2017 |
€490m |
As additional information becomes available, these estimates may be subject to revision.
