Jennifer Murnane O'Connor (Carlow-Kilkenny, Fianna Fail)
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492. To ask the Minister for Finance the estimated full-year cost if the sea-going naval personnel tax credit were increased to €1,800. [39095/23]

Michael McGrath (Cork South Central, Fianna Fail)
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The Department of Finance has opened its pre-budget costings service, this is available with effect from 3 July 2023. The procedures for availing of this service are set out in a letter dated 3 July 2023 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.

Jennifer Murnane O'Connor (Carlow-Kilkenny, Fianna Fail)
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493. To ask the Minister for Finance the estimated cost if the 9% VAT rate on electricity and gas were applied for the period of 1 November 2023 to 31 March 2024. [39096/23]

Michael McGrath (Cork South Central, Fianna Fail)
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As the Deputy will be aware VAT returns are collected every two months. To avoid underpayments of VAT arising from error or fraud, VAT rates are changed at the start of these VAT periods rather then at other times of the year. The estimated cost of changes are therefore calculated on the basis of these VAT periods.

The cost of applying a 9% VAT rate to gas and electricity from 1 November 2023 to 29 February 2024 is estimated to be €118.7m. If the measure was extended from 1 November 2023 to 30 April 2024 the estimated cost is €176.1m.