Pearse Doherty
Ceist:85. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of extending the lower VAT rate on electricity and gas until the end of 2025. [31078/25]
Amharc ar fhreagraWednesday, 11 June 2025
Ceisteanna (85)
Freagraí scríofa
As the Deputy will be aware the temporary reduction in the rate of VAT from 13.5% to 9% for gas and electricity was first introduced on 1 May 2022. In recognition of the ongoing difficulties experienced by households and businesses with the increasing cost of energy, it has continued to be extended since then with the latest extension passed by Financial Resolution on April 2 and due to expire on 31 October of this year.
While it is not possible to provide exact costings for an extension to 31 December 2025 , I am advised that the estimate for this measure is approximately €38m.