I 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.