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Construction Industry

Dáil Éireann Debate, Tuesday - 17 May 2022

Tuesday, 17 May 2022

Ceisteanna (245)

Gerald Nash

Ceist:

245. Deputy Ged Nash asked the Minister for Finance the way the process to examine the introduction of a levy on the construction industry in the Finance Bill 2022 that was announced on 30 November 2021 as part of his statement on the revised defective concrete block scheme is progressing; and if he will make a statement on the matter. [24176/22]

Amharc ar fhreagra

Freagraí scríofa

As the Deputy will be aware, it is the Government’s firm intention to find appropriate solutions for those ordinary home-owners who have been affected by the defective concrete blocks issue.

The Programme for Government reflects this commitment.

That commitment is further reflected in a Government decision taken on 30 November 2021 regarding the Defective Concrete Block Grant Scheme, which agreed a number of actions to help address the defective blocks issue. One of those proposed actions was that a levy on the construction sector was to be put in place to raise in the region of €80m a year, and it is that levy to which this question refers.

My officials, with the assistance of colleagues in other Departments and agencies, as well as from Revenue, have been working on identifying and evaluating a range of options in regards to such a levy. Once this work is further advanced it may be necessary to seek the views of relevant stakeholders, who's input would be required before I would be in a position to make any final decision on the proposed levy.

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