asked the Minister for Finance the various VAT rates which have applied for the years 1977 to 1983; and the yield of each VAT rate including returns available to the latest date this year.
Written Answers. - VAT Yields.
318.
As the answer is in the form of a tabular statement I propose to circulate it in the Official Report. The 1983 figures will not be available until after the end of the year. The balance of the information requested is as follows:
|
Year |
Rates of VAT applicable(per cent) |
Period within year when rate was applicable |
Net yield at each VAT Rate(£m) |
|
1977 |
10 |
1 Jan to 31 Dec |
195.36 |
|
20 |
do |
77.04 |
|
|
35 |
do |
41.12 |
|
|
40 |
do |
5.50 |
|
|
Other |
— |
2.18 |
|
|
(see note 2) |
|||
|
1978 |
10 |
1 Jan to 31 Dec |
239.00 |
|
20 |
do |
106.23 |
|
|
35 |
do |
59.64 |
|
|
40 |
do |
8.45 |
|
|
Other |
— |
0.86 |
|
|
(see note 2) |
|||
|
1979 |
10 |
1 Jan to 31 Dec |
265.12 |
|
20 |
do |
130.15 |
|
|
35 |
1 Jan to 28 Feb |
22.53 |
|
|
40 |
do |
1.93 |
|
|
Other |
— |
1.02 |
|
|
(see note 2) |
|||
|
1980 |
10 |
1 Jan to 31 Dec |
315.09 |
|
20 |
1 Jan to 30 Apr |
67.55 |
|
|
25 |
1 May to 31 Dec |
87.24 |
|
|
Other |
— |
0.41 |
|
|
(see note 2) |
|||
|
1981 |
10 |
1 Jan to 31 Aug |
348.83 |
|
15 |
1 Sept to 31 Dec |
64.74 |
|
|
25 |
1 Jan to 31 Dec |
204.12 |
|
|
Other |
— |
0.31 |
|
|
(see note 2) |
|||
|
1982 |
15 |
1 Jan to 30 Apr |
304.57 |
|
18 |
1 May to 31 Dec |
349.86 |
|
|
25 |
1 Jan to 30 Apr |
125.79 |
|
|
30 |
1 May to 31 Dec |
147.67 |
|
|
Other |
— |
23.61 |
|
|
(see note 2) |
Notes:
(1) The figures for 1977 to 1980 are those which have been published in the respective annual reports of the Revenue Commissioners.
(2) The yield from other rates relates to tax received for prior years' transactions which were liable to VAT at rates not in force in the year of receipt of the tax.
The rates applicable in 1983 are 23 per cent and 35 per cent from 1 March and, in addition, 5 per cent and 18 per cent rates from 1 May.