Dáil Éireann Debate, Thursday - 1 February 2024
222. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of reducing the rate of VAT from 13.5% to 9% with respect to services (details supplied) of the kind normally supplied in fairgrounds or amusement parks and hairdressing services, to end-2024 and in full-year terms, respectively, disaggregated by service type listed; and if he will make a statement on the matter. [4842/24]
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 / or services using taxpayer information alone. Consequently , a number of third-party data sources are used to compile tentative estimate of the cost of reducing the VAT from 13.5% to 9%, however many of these are in aggregated form and it is not possible to disaggregate e.g. hot take away food and tea/ coffee from these data. The details are set out in the table below.
|
|
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 |
|
Food and Catering Services only |
80.0 |
88.7 |
93.6 |
93.6 |
92.0 |
96.4 |
544.5 |
|
All Entertainment |
4.0 |
4.0 |
4.0 |
4.0 |
4.0 |
4.0 |
24.0 |
|
of which Cinemas |
0.9 |
0.9 |
0.9 |
0.9 |
0.9 |
0.9 |
5.4 |
|
of which Theatres |
2.3 |
2.3 |
2.3 |
2.3 |
2.3 |
2.3 |
13.8 |
|
of which Other |
0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
0.8 |
4.8 |
|
Hairdressing Services |
6.0 |
6.0 |
6.0 |
6.0 |
6.0 |
6.0 |
36.0 |
|
Total Cost per VAT period |
90.0 |
98.7 |
103.6 |
103.6 |
102.0 |
106.4 |
604.5 |
|
Total Cumulative Cost |
90.0 |
188.8 |
292.4 |
396.1 |
498.1 |
604.5 |
604.5 |
