Dáil Éireann Debate, Wednesday - 2 November 2016
110. Deputy Catherine Murphy asked the Minister for Finance the amount of VAT taken by the Revenue Commissioners at the 9% rate for each year to date in tabular form since the rate was introduced, broken down by sector and service provided (details supplied); and if he will make a statement on the matter. [32860/16]
Amharc ar fhreagra111. Deputy Catherine Murphy asked the Minister for Finance the amount of VAT forgone by the Revenue Commissioners at the 9% rate for each year to date in tabular form since the rate was introduced, broken down by sector and service provided (details supplied); and if he will make a statement on the matter. [32861/16]
Amharc ar fhreagraI propose to take Questions Nos. 110 and 111 together.
I am advised by Revenue that, based on Personal Expenditure Consumption (PCE) data, an estimate of the VAT yield and the VAT foregone at the reduced rate of 9% for each year from 2011 to 2016 is provided in the following table. As 2016 PCE data are not yet available, figures provided for 2016 are provisional estimates.
|
Year |
Yield 9% (€m) |
VAT foregone (€m) |
|
2011 (July to December) |
336 |
168 |
|
2012 |
710 |
355 |
|
2013 |
990 |
495 |
|
2014 |
1,116 |
558 |
|
2015 |
1,152 |
576 |
|
2016 (Estimate to years end) |
1,252 |
626 |
I am advised by Revenue that as the information furnished on VAT returns does not require identification of the yield from a particular activity or product, the receipts in respect of the activities specified in the question is not available.
