Written answers
Friday, 7 September 2018
Department of Finance
VAT Rate Reductions
Catherine Murphy (Kildare North, Social Democrats)
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137. To ask the Minister for Finance the amount of VAT foregone by the Revenue Commissioners at the 9% rate for each year and to date in 2018 since the rate was introduced; the amount collected in tabular form; and if he will make a statement on the matter. [36196/18]
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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157. To ask the Minister for Finance the amount of revenue foregone each year by maintaining the 9% VAT rate for the hospitality sector; and if he will make a statement on the matter. [36592/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 137 and 157 together.
I am advised by the Revenue Commissioners that information provided on VAT3 returns (the primary return filed by VAT traders) does not require a trader to separately identify the yield from specific rates. Based on Revenue data and other third-party data sources, a tentative estimate of the VAT foregone for all goods and services supplied at the second reduced rate of 9% from 2011 to 2017 is provided in the table (an estimate for 2018 to date is not presently available).
Year | VAT Foregone |
---|---|
2011 | €150m |
2012 | €315m |
2013 | €355m |
2014 | €375m |
2015 | €420m |
2016 | €460m |
2017 | €490m |
As additional information becomes available, these estimates may be subject to revision.
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