Dáil Éireann Debate, Wednesday - 8 February 2023
103. Deputy Carol Nolan asked the Minister for Finance the estimated savings that have accrued to print and digital newspapers following the decision to apply a zero-rate of VAT to same; and if he will make a statement on the matter. [5716/23]
Amharc ar fhreagraThe estimated annual cost to the exchequer of reducing VAT on print and digital newspapers from a 9% VAT rate to a zero VAT rate is €33m. This measure was introduced from 1 January 2023.
There is no obligation for a business to pass on savings to customers arising from a reduced rate of VAT.
