Written answers
Tuesday, 19 July 2011
Department of Finance
Tax Yield
10:00 pm
Pearse Doherty (Donegal South West, Sinn Fein)
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Question 137: To ask the Minister for Finance if he will provide analysis of the VAT take, split between the two rates of 13.5% and 21%. [21060/11]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that data is not available in a sufficiently detailed manner to provide a precise breakdown of the yields from the two rates of VAT as requested by the Deputy. However, it is tentatively estimated based on provisional macroeconomic data that in 2010, the standard VAT rate (21%) yielded around €6.5bn while the 13.5% reduced VAT rate yielded around €3.5bn.
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