Jim O'Callaghan
Question:218. Deputy Jim O'Callaghan asked the Minister for Finance the estimated cost of maintaining the 9% VAT rate on electricity for a full year post the enactment of measures announced in Budget 2025. [41503/24]
View answerTuesday, 15 October 2024
Questions (218)
Written answers
I am advised by Revenue that traders are not required to separately identify the VAT yield generated from the supply of specific goods and services on their periodic VAT returns. Therefore, it is not possible to provide the VAT yield on all fuel and energy related products and services using taxpayer information alone. However, using Revenue and third-party data sources, a tentative estimate of the full year cost of maintaining the 9% VAT rate on electricity at current prices and consumption volumes would be in the region of €140m.