Richard Boyd Barrett
Ceist:189. Deputy Richard Boyd Barrett asked the Minister for Finance the amount that would be collected if the State increased the 9% VAT rate in the hospitality sector to its previous level. [36333/17]
Amharc ar fhreagraWednesday, 26 July 2017
Ceisteanna (189)
Freagraí scríofa
I am advised by the Revenue Commissioners that the most recent estimate for reverting the reduced 9% VAT rate back to 13.5% is that it would result in extra revenue in the region of €491 million.
Information on estimated costs of changes to all of the VAT rates can be found in the Pre-Budget 2018 Ready Reckoner on the Revenue Statistics webpage: http://www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf