McGrath confirms pre-cast concrete will be included in levy

The Society of Chartered Surveyors estimate that the levy will add €1,200 to the cost of a new three-bed house

Minister for Finance Michael McGrath said he would be monitoring the impact of the levy when it comes into effect this Friday. Photo: Sam Boal / RollingNews.ie

Finance Minister Michael McGrath has confirmed that pre-cast concrete ready-mix will be included in the incoming concrete levy.

Mr McGrath was asked on Tuesday whether or not the Government had gone back on its promise to exclude pre-cast concrete products from the levy. In response, he said that Revenue was interpreting the legislation to include the ready-mix element of pre-cast concrete.