Pearse Doherty
Ceist:177. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of extending the reduced rate of VAT at 9% applying to electricity and gas to 31 December 2022. [36925/22]
Amharc ar fhreagraThursday, 7 July 2022
Ceisteanna (177, 178, 179, 180)
Pearse Doherty
Ceist:178. Deputy Pearse Doherty asked the Minister for Finance he estimated cost of applying a reduced rate of VAT at 9% applying to electricity and gas from 1 January 2023 to 30 June 2023. [36926/22]
Amharc ar fhreagraPearse Doherty
Ceist:179. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of applying a reduced rate of VAT at 9% applying to electricity and gas from 1 January 2023 to 12 October 2023. [36927/22]
Amharc ar fhreagraPearse Doherty
Ceist:180. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of applying a reduced rate of VAT at 9% applying to electricity and gas from 1 January 2023 to 31 December 2023. [36928/22]
Amharc ar fhreagraFreagraí scríofa
I propose to take Questions Nos. 177 to 180, inclusive, together.
I am informed by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services on their VAT returns. Therefore, it is not possible to provide an accurate costing for the potential measures outlined. However, a tentative estimate of the likely costs arising from extending the current arrangements whereby electricity and gas supply are subject to the second reduced rate of VAT to end on October 31st is as follows:
|
Electricity |
Gas |
|
|
€m |
€m |
|
|
1 November to 31 December 2022 |
15.2 |
4.8 |
|
1 January 2023 to 30 June 2023 |
46.1 |
20.6 |
|
1 January to 12 October 2023 |
70.6 |
27.0 |
|
1 January to 31 December 2023 |
92.5 |
37.0 |
Question No. 178 answered with Question No. 177.
Question No. 179 answered with Question No. 177.
Question No. 180 answered with Question No. 177.