Written answers
Wednesday, 14 October 2009
Department of Finance
Tax Yield
Michael Ring (Mayo, Fine Gael)
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Question 170: To ask the Minister for Finance the VAT returns to date for 2009; the way these compare to the receipts for the corresponding period in 2007 and in 2008; if he will provide the information in tabular format; and if he will make a statement on the matter. [36166/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Supplementary Budget forecast VAT receipts of €11.4 billion in 2009, representing a decline of 15% on 2008. At end-September, €8.7 billion had been collected which is €653 million below target. The end-September 2009 position is down 21% on the same period of 2008.
End-Sept 2009 | End-Sept 2008 | End-Sept 2007 | |
€ millions | 8,657 | 10,998 | 11,770 |
The performance of VAT receipts in the first nine months of the year has been disappointing and reflects the weakness evident in the wider economy.
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