Dáil Éireann Debate, Tuesday - 8 October 2013
179. Deputy Charles Flanagan asked the Minister for Finance if he will provide a full breakdown of the total cost to the Exchequer of the current reduced VAT rate of 9% for each year since its introduction in 2011; and if he will make a statement on the matter. [42323/13]
Amharc ar fhreagraThe 9% reduced VAT rate for tourism related services was introduced in July 2011 as part of the Government Jobs Initiative. The measure was designed to boost tourism and create additional jobs in that sector. The measure was estimated to cost €120 million in 2011, €350 million in 2012, €350 million in 2013, and €60 million in 2014. Any proposal to maintain the 9% VAT rate will be considered in the context of the Budget.
