Written answers
Wednesday, 24 June 2015
Department of Finance
VAT Rate Reductions
Peadar Tóibín (Meath West, Sinn Fein)
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125. To ask the Minister for Finance the annual cost of reducing to 11.5% the value added tax rate for construction refurbishments costing up to €40,000. [25301/15]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that, as the information furnished on VAT returns does not require the yield from particular activities or sectors of trade to be identified, it is not possible to estimate the VAT yield for the specific activities mentioned by the Deputy in his questions. Accordingly, I am not in a position to provide the projected figures for the reduction of the VAT rate applicable.
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