Oireachtas Joint and Select Committees

Thursday, 8 November 2018

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2018: Committee Stage (Resumed)

10:00 am

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

It will. I am more hopeful that we will see that happen because of indications relating to the supply of homes, accommodation and what is happening with planning permission. I am hopeful we will see that change happen but all these indicators will be much clearer to us in advance of next year's budget. The judgment call I made was that to make a further change so soon after tripling this rate might be counterproductive, but I am open to changing this again. It was at 9%, which is higher than it is now. The sector should be aware that this is a decision that I will be reviewing next year.

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