Dáil Éireann Debate, Tuesday - 29 July 2025
728. Deputy Ged Nash asked the Minister for Finance the full year cost of extending the reduced VAT rate on electricity and gas bills in 2026, and then the six month cost from January to end of June 2026; and if he will make a statement on the matter. [43806/25]
View answerI am advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide a costing for the measures outlined above using information provided on tax returns alone. However, using other sources available to Revenue, a tentative estimate of the cost to the Exchequer is shown in the following table.
|
- |
Full year cost (1 November 2025- 31 October 2026) €m |
Six month cost (1 January 2026 – 30 June 2026) €m |
|
Electricity |
140.1 |
69.7 |
|
Gas |
58.2 |
32.3 |
|
Total |
198.3 |
102.0 |
The Deputy may wish to note that these figures are compiled based on workings for the year 2025. Revenue is in the process of compiling updated figures for the 2026 Ready Reckoner using updated data sources and that these figures will be subject to change in the coming weeks.
