171 Deputy Maureen O’Sullivan asked the Minister for Finance if his attention has been drawn to the fact that the tour operators margin scheme — a 23% VAT charge on profit margins charged to tour operators — is essentially a double taxation on travel agents who also pay VAT in the country of supply as well as the standard 12.5% corporation tax on overall profits; if he is aware that after nearly two years in place the scheme is putting the travel sector in financial difficulty and threatening its viability; if he will consider a review of this tax in the near future; and if he will make a statement on the matter. [11417/12]

Summary

171 Deputy Maureen O’Sullivan asked the Minister for Finance if his attention has been drawn to the fact that the tour operators margin scheme — a 23% VAT charge on profit margins charged to tour operators — is essentially a double taxation on travel agents who also pay VAT in the country of supply as well as the standard 12.5% corporation tax on overall profits; if he is aware that after nearly two years in place the scheme is putting the travel sector in financial difficulty and threatening its viability; if he will consider a review of this tax in the near future; and if he will make a statement on the matter. [11417/12]

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• Tax Code

  xml · EN · 28 February 2012

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