Climate & Environment
Building body calls for 10% VAT increase on 'carbon-hungry’ demolition projects
Chartered Institute of Building says tax system reform is needed to help Ireland meet its net zero targets
The government should overhaul Ireland’s “perverse” tax system that encourages demolition over renovation, a Chartered Institute of Building (CIOB) report has said.
The current Irish tax system applies a reduced VAT rate of 13.5 per cent to both demolition and renovation projects. The report from the industry group said tax system reform is needed to help the country meet its net zero targets.
The CIOB has said the system has created a “perverse environment where ...