Dáil Éireann Debate, Tuesday - 5 April 2022
244. Deputy Pearse Doherty asked the Minister for Finance the estimated cost to the Exchequer of reducing VAT on household energy bills, that is, gas, electricity and home heating oil to 9% and 13.5% from beginning of April 2022 to the end of August 2022 and to the end of December 2022, respectively. [17685/22]
View answerI 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. Therefore, it is not possible to provide an accurate costing for the potential measures outlined. However, a tentative estimate of the likely cost of a change from the present rate of 13.5% on domestic electricity, home heating oil and gas supplies to 9% is as follows.
|
Fuel |
April 2022-August 2022 |
April 2022-December 2022 |
|
Electricity |
€35m |
€65m |
|
Gas |
€14m |
€27m |
|
Oil |
€6m |
€13m |
