Written answers
Wednesday, 2 November 2016
Department of Finance
VAT Yield
Catherine Murphy (Kildare North, Social Democrats)
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110. To ask the Minister for Finance the amount of VAT taken by the Revenue Commissioners at the 9% rate for each year to date in tabular form since the rate was introduced, broken down by sector and service provided (details supplied); and if he will make a statement on the matter. [32860/16]
Catherine Murphy (Kildare North, Social Democrats)
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111. To ask the Minister for Finance the amount of VAT forgone by the Revenue Commissioners at the 9% rate for each year to date in tabular form since the rate was introduced, broken down by sector and service provided (details supplied); and if he will make a statement on the matter. [32861/16]
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 110 and 111 together.
I am advised by Revenue that, based on Personal Expenditure Consumption (PCE) data, an estimate of the VAT yield and the VAT foregone at the reduced rate of 9% for each year from 2011 to 2016 is provided in the table below. As 2016 PCE data are not yet available, figures provided for 2016 are provisional estimates.
Year | Yield 9% (€m) | VAT foregone (€m) |
---|---|---|
2011 (July to December) | 336 | 168 |
2012 | 710 | 355 |
2013 | 990 | 495 |
2014 | 1,116 | 558 |
2015 | 1,152 | 576 |
2016 (Estimate to years end) | 1,252 | 626 |
I am advised by Revenue that as the information furnished on VAT returns does not require identification of the yield from a particular activity or product, the receipts in respect of the activities specified in the question is not available.
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