Paul Kehoe
Ceist:267. Deputy Paul Kehoe asked the Minister for Finance the timescale for the introduction of a levy (details supplied); and if he will make a statement on the matter. [49656/22]
Amharc ar fhreagraTuesday, 11 October 2022
Ceisteanna (267)
Freagraí scríofa
As was announced in my Budget 2023 speech I propose to introduce a levy on pouring concrete, concrete blocks and certain other concrete products, which are used in the construction of buildings. The full range of in scope products was detailed in Annex C the Budget Day publication “Budget 2023: Tax Policy Changes” which is available at www.gov.ie/en/publication/ccc22-budget-2023-taxation-measures/.
This levy will be set at a rate of 10% on the price of the concrete product, and will apply at the point of first supply of the product in the State. The levy will be applied from 03 April 2022.
In line with a Government Decision taken in November 2021, the target revenue of €80 million per annum generated from this levy is to contribute towards offsetting the cost to the tax-payer of the Redress Scheme which was put in place to support affected households.
Further detail on the levy, and in particular on how it is to be applied will be set out in the Finance Bill 2022 when that is published on 20 October.