Written answers
Wednesday, 22 September 2021
Department of Finance
Tax Code
Darren O'Rourke (Meath East, Sinn Fein)
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29. To ask the Minister for Finance the annual estimated cost of reducing VAT on domestic electricity bills by 1%; and if he will make a statement on the matter. [45325/21]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by the Revenue Commissioners that a tentative estimate on the cost of reducing VAT on residential electricity supply based on the current Ready Reckoner would be in the region of €20m.
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