Written answers
Tuesday, 20 June 2017
Department of Finance
VAT Rate Increases
Maureen O'Sullivan (Dublin Central, Independent)
Link to this: Individually | In context | Oireachtas source
264. To ask the Minister for Finance the expected revenue that would be generated from the restoration of the VAT rate for the hospitality sector from 9% to 13.5%. [27419/17]
Maureen O'Sullivan (Dublin Central, Independent)
Link to this: Individually | In context | Oireachtas source
265. To ask the Minister for Finance the expected revenue that would be generated from the restoration of the VAT rate from 9% to 13.5% to the hotel industry (details supplied). [27420/17]
Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I propose to take Questions Nos. 264 and 265 together.
I am informed by Revenue that it is tentatively estimated that the revenue generated from the restoration of the VAT rate from 9% to 13.5% is likely to be in the region of €490m for the hospitality sector as a whole and €190m specific to the accommodation sector, in both cases assuming no change in consumer behaviour.
No comments