Written answers
Wednesday, 26 July 2017
Department of Finance
VAT Rate Increases
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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189. To ask the Minister for Finance the amount that would be collected if the State increased the 9% VAT rate in the hospitality sector to its previous level. [36333/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by the Revenue Commissioners that the most recent estimate for reverting the reduced 9% VAT rate back to 13.5% is that it would result in extra revenue in the region of €491 million.
Information on estimated costs of changes to all of the VAT rates can be found in the Pre-Budget 2018 Ready Reckoner on the Revenue Statistics webpage:
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