Paul Donnelly
Question:114. Deputy Paul Donnelly asked the Minister for Finance the estimated cost of reducing the VAT rate to 9% for tourism and hospitality sector from 1 March 2024 to 30 November 2024. [5520/24]
View answerWednesday, 7 February 2024
Questions (114)
Written answers
The Deputy should note that VAT operates in two monthly cycles. The estimated cost of reducing the VAT rate to 9% for those sectors that previously had a 9% rate applied is €521million for the period 1 March to 31 October, and €653 million for the period 1 March to 31 December 2024.