Arthur Morgan (Louth, Sinn Fein)
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Question 319: To ask the Minister for Finance the cost per annum of a 1% reduction in the 13.5% VAT tax band. [30584/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that, based on data currently available, the estimated cost in a full year of reducing the 13.5% VAT tax band by 1% is €315 million.