Violet-Anne Wynne
Question:132. Deputy Violet-Anne Wynne asked the Minister for Finance the estimated cost of extending the 9% VAT rate for hospitality and tourism-related services until 31 December 2023. [22453/22]
View answerThursday, 5 May 2022
Questions (132)
Written answers
I am informed by Revenue that the estimated cost of extending the 9% VAT rate for hospitality and tourism related services beyond 1st September 2022 until 31st December 2023 would be in the region of €500m. This estimate is based on the most recently available third-party consumption data and assumes no behavioural changes by consumers.
The estimated full-year cost of this measure is presented in the Revenue Ready Reckoner at the following link:
www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf