Written answers
Tuesday, 25 February 2025
Department of Finance
Tax Yield
Peadar Tóibín (Meath West, Aontú)
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323. To ask the Minister for Finance the amount of VAT collected on building materials and construction services in each of the past ten years. [8084/25]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am informed by Revenue that traders are not required to identify the VAT yield generated from the purchase or supply of specific goods and services nor are they required to distinguish specific VAT rates on their periodic VAT returns. Therefore, it is not possible to provide an accurate estimate for the VAT yield generated from construction services or building materials.
However, using a number of third-party data sources, a tentative estimate of the VAT yield generated by construction related activity is presented in the table below for the requested years.
Year | Estimated VAT on Construction Related Activity (€bn) |
---|---|
2015 | €1.2 |
2016 | €1.5 |
2017 | €1.6 |
2018 | €1.8 |
2019 | €2.0 |
2020 | €1.9 |
2021 | €1.8 |
2022 | €2.1 |
2023 | €2.5 |
2024 | €2.9 |
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