Dáil Éireann Debate, Thursday - 1 February 2024
217. Deputy Christopher O'Sullivan asked the Minister for Finance if it is possible to publish a full calculation and breakdown of the proposed revenue generated from increasing hospitality VAT from 9% to 13.5%; and if he will make a statement on the matter. [4757/24]
View answerI am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide the VAT yield on specific products and services using taxpayer information alone. However, using a number of third-party data sources, a tentative estimate of the additional VAT revenue in €m on these services is set out in the table below.
|
1 September – 31 October 2023 |
1 November – 31 December 2023 |
1 January – 29 February 2024 |
1 March – 30 April 2024 |
1 May – 30 June 2024 |
1 July – 31 August 2024 |
1 September – 31 October 2024 |
1 November – 31 December 2024 |
Total |
|
|
Accommodation only |
28.1 |
23.5 |
20.9 |
22.2 |
27.3 |
33.4 |
30.4 |
25.4 |
211.2 |
|
Food and Catering Services only |
83.7 |
87.7 |
80.0 |
88.7 |
93.6 |
93.6 |
92.0 |
96.4 |
715.9 |
|
All Entertainment |
3.9 |
3.9 |
4.0 |
4.0 |
4.0 |
4.0 |
4.0 |
4.0 |
31.8 |
|
Hairdressing Services |
6.0 |
6.0 |
6.0 |
6.0 |
6.0 |
6.0 |
6.0 |
6.0 |
48.0 |
|
Total Additional Revenue per VAT period |
121.8 |
121.1 |
111.0 |
121.0 |
131.0 |
137.0 |
132.4 |
131.8 |
1,006.9 |
|
Total Cumulative Additional Revenue |
121.8 |
242.9 |
353.9 |
474.8 |
605.8 |
742.8 |
875.2 |
1,006.9 |
