Pearse Doherty (Donegal, Sinn Fein)
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94. To ask the Minister for Finance the estimated cost of reducing VAT from 13.5% to 9% for hospitality and tourism activities for 2021, calculated on the same basis as the increase from 9% to 13.5% for the same set of activities in budget 2019. [25996/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that information provided on VAT3 returns (the primary return filed by VAT traders) does not require a business to separately identify the yield from particular VAT rates or sectors of the economy.

However, based on other Revenue data and third-party data sources, a tentative estimate on the impact of a reduction in the VAT rate on hospitality and tourism activities from 13.5% to 9% is in the region of €320m for 2021. This is based on the current low level of activity in the sector and as already stated is very tentative in nature.