Dáil Éireann Debate, Tuesday - 27 July 2021
348. Deputy Ged Nash asked the Minister for Finance the estimated yield from raising the VAT rate for the tourism and hospitality sector from 9% to 13.5% in 2022; and if he will make a statement on the matter. [39902/21]
View answerThe most recent estimate for extending the application of the 9% VAT rate on Tourism and Hospitality related items from 1 January 2022 until 31 August 2022 is that it will cost the exchequer €350m. If a 13.5% rate applied across these sectors for all of 2022 our estimate is that the yield to the exchequer would be approximately €525.
