Written answers
Thursday, 27 June 2013
Department of Finance
VAT Rates Reductions
Tommy Broughan (Dublin North East, Labour)
Link to this: Individually | In context | Oireachtas source
96. To ask the Minister for Finance the cost to the Exchequer of reducing the rate of value added tax from 23% by 1.5%; his plans to reduce the higher rate of VAT in Budget 2014. [31298/13]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I am informed by the Revenue Commissioners that the full year cost of reducing the standard rate of VAT from 23% by 1.5% to 21.5% is estimated at €380 million. Any changes to the VAT rates in 2014 will be considered in the context of the forthcoming Budget.
No comments