Oireachtas Joint and Select Committees

Wednesday, 26 October 2022

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Concrete Block Levy: Discussion

Mr. Timmy Hennessy:

I understand the point being made by the Deputy and one of the difficulties with estimating revenue in this particular case was the statistical information available to officials. I referred earlier to the CSO data and the streams on that meant that one part of it was precast products and the returns covering all precast manufacturing. Even on the levy as initially proposed, not all precast products were included. There was a certain level of estimating the value from within the CSO figures that would be subject to the levy. Since all precast products have been excluded from the scope of the levy, the Department’s estimates are in a much stronger position because it is easier to apply a projection of what percentage one is applying on to all of the pouring concrete statistical data we have, and all of the concrete block data that we have.

Comments

No comments

Log in or join to post a public comment.