Michael McGrath (Cork South Central, Fianna Fail)
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Question 64: To ask the Minister for Education and Skills 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. [38461/11]

Ruairi Quinn (Dublin South East, Labour)
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Based on an analysis of payments made by my Department to date in 2011 that were liable for VAT at the rate of 21%, it is estimated that the cost of a 2% increase in VAT in 2012 would be of the order of €64,000. This is based on the assumption of an equivalent level of expenditure in 2012 as in 2011. This estimate does not include expenditure made by schools and other bodies in the education sector that receive grant funding from my Department. The information sought is not readily available in respect of these bodies.