Pearse Doherty
Question:231. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the estimated revenue that would be raised in 2027 by reversing the VAT rate cut for apartments introduced in Budget 2026. [46862/26]
View answerTuesday, 23 June 2026
Questions (231)
Written answers
I 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 an estimate of the cost of reducing the VAT on new apartments using taxpayer information alone.
However, using Revenue and third-party data sources, a tentative estimate of the full year cost of reducing VAT from 13.5% to 9% on new apartments is tentatively estimated at €236m in 2026. The yield from reversing this measure would be of a similar magnitude.
Revenue plans to publish revised estimates in Q3 2026, in line with the publication schedule for its Ready Reckoner. The Ready Reckoner is updated twice a year and enables calculation of the cost or yield arising from a range of potential changes to tax charges. It is available on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx.