VAT Rate Increases

Dáil Éireann Debate, Tuesday - 20 June 2017

Tuesday, 20 June 2017

Ceisteanna (264, 265)

Maureen O'Sullivan

Ceist:

264. Deputy Maureen O'Sullivan asked the Minister for Finance the expected revenue that would be generated from the restoration of the VAT rate for the hospitality sector from 9% to 13.5%. [27419/17]

Maureen O'Sullivan

Ceist:

265. Deputy Maureen O'Sullivan asked the Minister for Finance the expected revenue that would be generated from the restoration of the VAT rate from 9% to 13.5% to the hotel industry (details supplied). [27420/17]

Freagraí scríofa

Minister for Finance

I propose to take Questions Nos. 264 and 265 together.

I am informed by Revenue that it is tentatively estimated that the revenue generated from the restoration of the VAT rate from 9% to 13.5% is likely to be in the region of €490m for the hospitality sector as a whole and €190m specific to the accommodation sector, in both cases assuming no change in consumer behaviour.