Catherine Murphy (Kildare North, Social Democrats)
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80. To ask the Minister for Finance further to Parliamentary Questions Nos. 110 and 111 of 2 November 2016, if he will consider the introduction of a method to record the information returned in VAT returns to include the identification of the yield from a particular activity and or product; and if he will make a statement on the matter. [33904/16]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that all businesses are required to indicate their sector and activity type using the EU-standard NACE Code at the time of tax registration, but are not required to provide this information on each VAT Return. However, traders are required to update their NACE Code should their activity type change. In terms of introducing a mandatory sectoral breakdown of trading information in the VAT returns made by traders, the value of such data needs to be balanced against the administrative burden for business that would be involved and the reliability of the allocations made by traders in their returns.