Pearse Doherty (Donegal, Sinn Fein)
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345. To ask the Minister for Finance the estimated revenue that would be generated in 2024 by introducing a 40% rate of capital gains tax on the disposal of assets made by persons in cases in which the gains accrued are in excess of individual incomes in excess of €500,000, in order that the 40% rate only applies to gains made above the aforementioned threshold, assuming the application of the revised entrepreneur relief. [27128/23]

Michael McGrath (Cork South Central, Fianna Fail)
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It is assumed that the Deputy is referring to increasing the rate of Capital Gains Tax on net chargeable gains in excess of €500,000, for individuals with incomes in excess of €500,000, and assuming the continuation of entrepreneur relief.

I am advised by Revenue that the estimated full year gain from the increase in rate to 40 per cent for the proposed change is in the region of €21 million. This estimate is based on 2020 data, the latest year for which fully analysed data are available and assumes the continuation of entrepreneur relief. Additionally, it assumes no change in behaviour by individuals resulting from the increase in the tax rate.

Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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346. To ask the Minister for Finance if he will outline, in tabular form, the amount of unpaid VAT and penalties imposed on defaulting yacht and pleasure boat owners for the previous three years; the VAT rate on yachts and pleasure boats; and the amount of revenue raised on yachts and pleasure boats in the past five years, in tabular form. [27174/23]

Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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347. To ask the Minister for Finance the VAT rate on the purchase of private aircraft such as planes, jets, helicopters and so on; and the amount of revenue raised on private aircraft in the past five years, in tabular form. [27175/23]

Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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348. To ask the Minister for Finance the number of car purchases that were subject to €23,000 or more in VAT for the years 2022 and to date in 2023, in tabular form. [27176/23]

Eoin Ó Broin (Dublin Mid West, Sinn Fein)
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349. To ask the Minister for Finance the number of car purchases that were subject to €18,400 or more in VAT for the years 2022 and to date in 2023, in tabular form. [27177/23]

Michael McGrath (Cork South Central, Fianna Fail)
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I propose to take Questions Nos. 346, 347 to 349, inclusive, together.

I am advised by Revenue that traders are not required to identify the VAT generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible, using information provided on tax returns, to identify the amount of VAT collected from the supply of particular goods such as those indicated by the Deputy. Equally, it is not possible to identify amounts of unpaid VAT or of interest or penalties related to the sale of such goods.

The Deputy should note that the sale of pleasure craft, yachts, helicopters, and other aircraft are subject to the standard VAT rate of 23%. I am advised by Revenue that it publishes a VAT rate database which provides the VAT rate applicable to a wide range of goods and services. This is available on the Revenue website at

www.revenue.ie/en/vat/vat-rates/search-vat-rates/VAT-rates-database.aspx.

In relation to car purchases, I am advised by Revenue that, based on vehicle registration records, the numbers of vehicles subject to VAT at the levels mentioned by the Deputy are provided in the table below.

*To the end of April 2023