Written answers

Tuesday, 24 January 2012

9:00 pm

Photo of Terence FlanaganTerence Flanagan (Dublin North East, Fine Gael)
Link to this: Individually | In context

Question 144: To ask the Minister for Finance his views on a matter regarding the 2% VAT rise; and if he will make a statement on the matter. [3640/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

I would point our that domestic fuels, such as electricity, gas and home heating oil, are subject to VAT at the 13.5% rate, in accordance with paragraph 17 of Schedule 3 to the VAT Consolidation Act 2010. In particular, the 13.5% reduced VAT rate applies to home heating oil under paragraph 17(4) of Schedule 3. In this regard, while the recent Budget increased the standard VAT rate from 21% to 23%, there was no change to the 13.5% reduced VAT rate and as such the Budget change had no impact on the VAT charged on home heating oil.

Comments

No comments

Log in or join to post a public comment.