The Tax Strategy Group has considered reducing VAT on construction services and materials as part of the government’s housing policy.
VAT on construction services in Ireland is already at a reduced rate of 13.5%.
The paper estimates that if VAT on the provision of social housing was lowered to 9%, the cost would be €400million. The cost for residential repair and renovation is estimated at €180million.
Source: www.rte.ie
Latest Posts in "Ireland"
- Monaghan Farmers Face Rising Costs as New VAT Rules Threaten Poultry Industry
- Transport Firm Loses €112,509 VAT Dispute Over Taxi Rental Services with Revenue Commissioners
- Tourism Industry Urges VAT Reduction to Boost Competitiveness Amid Economic Challenges
- New VAT Guidelines for Broiler Chicken Services Excluded from Flat-Rate Farmers Addition
- Irish Revenue Issues Guidelines on EU VAT Regime for SMEs, Effective January 1
