Darren O'Rourke (Meath East, Sinn Fein)
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327. To ask the Minister for Finance the full-year cost if the group A rate of capital acquisition tax increased to €475,000, group B rate increased to €47,500 and group C rate increased to €24,000. [46415/24]

Jack Chambers (Dublin West, Fianna Fail)
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I am advised by Revenue that the estimated full-year cost of increasing the Capital Acquisitions Tax (CAT) group thresholds in the manner outlined is in the order of €80m.

A breakdown of this figure by Group is shown in the table below:

I am further advised by Revenue that further information, in relation to the estimated costs or yields that could arise from a range of potential changes to tax and duty charges, is available in the Ready Reckoner published on its website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx.

Michael Cahill (Kerry, Fianna Fail)
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328. To ask the Minister for Finance if the VAT rate for the hospitality sector will now be returned to 9%, as that vital industry is struggling all over the country, especially in County Kerry; and if he will make a statement on the matter. [46600/24]

Jack Chambers (Dublin West, Fianna Fail)
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The estimated cost of the 9 percent VAT rate for tourism and hospitality, from 1 November 2020 to 31 August 2023, was over €1.3 billion.

While I recognise the difficult circumstances businesses in this sector find themselves in, the Government has taken additional measures to support businesses directly. For instance, Budget 2024 and Budget 2025 contained a number of measures to support businesses facing increased costs, including the Increased Cost of Business (ICOB) grant in Budget 2024 and the Power Up Grant of €4,000 in Budget 2025.

In addition, it should also be noted that the most recent income tax package, increases the money in people’s pockets, and therefore will increase the numbers of people able to eat out.

As the Deputy will be aware, in making any decision in relation to VAT rates or other taxation measures, the Government must balance the costs of the measures in question against their impact and the overall budgetary framework. Any further decisions in relation to VAT rates will therefore be made in line with this framework.