I propose to take Questions Nos. 222, 230 and 234 together.
I do not plan on extending the temporary reduction from 23% to 21% in the standard rate of VAT beyond the end of February.
In terms of estimating the cost of such a measure, Revenue provides a ‘Ready Reckoner’ on its website at link;
https://www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf.
that facilitates the estimation of the yield or cost of potential changes to the tax code.
The ‘Ready Reckoner’ includes (on page 28) the estimated cost of extending the reduction in the standard VAT rate from 23% to 21% for a full year and for the remainder of 2021 (among other information which may be of interest to the Deputy). The cost of extending the reduced 21% standard VAT rate for six months, to the end of August 2021, is estimated to be approximately €445 million.