Written answers

Tuesday, 8 November 2016

Photo of Pat CaseyPat Casey (Wicklow, Fianna Fail)
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121. To ask the Minister for Finance the VAT revenue gain from the sale of new houses for the past ten years in tabular form; and if he will make a statement on the matter. [33643/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that an estimate of the VAT revenue gain from the sale of new houses from the past 10 years is provided in tabular form:

YearEstimated VAT Yield New Housing (€m)
20062,727
20072,487
20081,289
2009632
2010333
2011159
2012403
2013405
2014417
2015403
2016 (provisional)563

It should be noted that these figures are subject to a large degree of estimation. I am informed by Revenue that the information furnished on VAT returns does not require the yield from a particular activity or product to be identified. In these circumstances the amount of VAT revenue collected in respect of the sale of new houses only cannot be precisely identified from overall VAT receipts.

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