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- Finance (No. 2) Bill 2011: Second Stage (Resumed) (25 May 2011)
Willie O'Dea: ...be balanced by reducing the VAT rate by 3%-3.5% rather 4%, in particular in view of the growth of the black economy. Also subject to the 13.5% VAT rate are "fuel for power and heating, coal, peat, timber, electricity, gas and heating oil." There is no relief in this area despite the reality of fuel poverty. I recently read an article in a newspaper in relation to the reduction in the VAT...