I am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services on their VAT returns. However, a tentative estimate for the VAT collected on the supplies listed is provided in the table below for 2010 – 2021, based on tax returns and other third-party sources available to Revenue. Information for 2021 should be considered as provisional.
VAT collected
In the course of compiling the data to respond to this question officials in Revenue realised that the answer previously given in response to PQ 256 from Deputy Catherine Martin on 10 February 2022 contained an error in the data supplied. The corrected table for that PQ is set out below.
|
VAT Collected 2020 €m
|
VAT Collected 2021 €m
|
Gas
|
53
|
68
|
Electricity
|
201
|
250
|
I wish to apologise for this error and correct the record of the house.