Peter Burke
Question:74. Deputy Peter Burke asked the Minister for Finance if he will extend the reduced VAT rate of 9% on all electricity bills issued after 31 October 2022; and if he will make a statement on the matter. [52307/22]
View answerWednesday, 19 October 2022
Questions (74)
Written answers
As announced in Budget 2023, I am extending the reduction on the VAT rate for gas and electricity for an additional 4 months, until 28 February 2023 at an estimated cost of €45m.
I recognise the impact of the current energy crisis and understand how it has contributed to a rise in the cost of living. While the energy crisis is driven primarily by global factors, the Government has taken the decision to reduce VAT on gas and electricity to alleviate some of these impacts along with a range of other measures.
The previous VAT rate for gas and electricity was 13.5 per cent. This rate was reduced to 9 per cent from 1 May to 31 October 2022 at a cost of €46m to the Exchequer.
Question No. 75 answered with Question No. 69.