Michael McGrath (Cork South Central, Fianna Fail)
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Question 316: To ask the Minister for Agriculture, Food and the Marine 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. [38456/11]

Simon Coveney (Cork South Central, Fine Gael)
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An increase in the standard rate of VAT by 2 %, based on current expenditure levels, would cost my Department an estimated €950,000 per annum.