Michael Ring (Mayo, Fine Gael)
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100. To ask the Minister for Finance if there are any plans to update VAT regulations for a sector (details supplied); and if he will make a statement on the matter. [43633/23]

Michael McGrath (Cork South Central, Fianna Fail)
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As the Deputy will be aware, it is a longstanding practice that the Minister for Finance does not comment, in advance of the Budget, on any tax matters that might be the subject of Budget decisions.

However, the VAT rating of goods and services is subject to the requirements of EU VAT law, with which Irish VAT law must comply. In general, the EU VAT Directive provides that all goods and services are liable to VAT at the standard rate, unless they fall within categories of goods and services specified in Annex III of the VAT Directive, in respect of which Member States may apply a lower rate of VAT. There is no provision in the VAT Directive to provide for separate treatment for goods exchanged as part of the circular economy.