Michael McGrath (Cork South Central, Fianna Fail)
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Question 30: To ask the Minister for Finance 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. [38463/11]

Michael Noonan (Limerick City, Fine Gael)
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The estimated cost of a 2% increase in the standard rate of VAT, using 2010 as a reference year, is €158,000. Since the establishment of the Department of Public Expenditure in July 2011, my Department has operated a shared service arrangement with that Department in respect of certain goods and services acquired by one, or other, of the Departments. The estimate supplied covers the two Departments.