Written answers
Tuesday, 6 December 2011
Department of Foreign Affairs and Trade
Departmental Expenditure
7:00 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Question 8: To ask the Tánaiste and Minister for Foreign Affairs and Trade the estimated cost to his Department of a 2% increase in the standard rate of VAT; and if he will make a statement on the matter. [38464/11]
Eamon Gilmore (Dún Laoghaire, Labour)
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My Department's financial management system does not currently track VAT separately and payments are recorded on a VAT-inclusive basis. Therefore, it is not possible to give a definite answer to the Deputy's question based on the current level of VAT payments. In addition, much of the Department's expenditure on goods and services takes place overseas which involves VAT and excise arrangements at many different rates in many other jurisdictions outside of Ireland.
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