Written answers

Tuesday, 7 March 2023

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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125. To ask the Minister for Finance the estimated net benefit per households, from March to end October 2023, of the reduced VAT rate applied to electricity and gas, respectively; and if he will make a statement on the matter. [11323/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I am informed by Revenue that traders are not required to identify the VAT yield generated from the supply of specific services or supplies to particular customer groups, on their VAT returns. Therefore, Revenue does not have data from tax returns on which to base an accurate estimate of the net benefit per household arising from the reduced VAT rate of 9% applied to electricity and gas between March 2023 and the end of October 2023.

However, using third party data, the overall cost of the measure as it applies to households is tentatively estimated to be in the region of €70m for electricity and €16m for gas. The benefit per household is estimated to be in the region of €38 for electricity and €26 for gas.

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