Tommy Broughan (Dublin North East, Labour)
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96. To ask the Minister for Finance the cost to the Exchequer of reducing the rate of value added tax from 23% by 1.5%; his plans to reduce the higher rate of VAT in Budget 2014. [31298/13]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the full year cost of reducing the standard rate of VAT from 23% by 1.5% to 21.5% is estimated at €380 million. Any changes to the VAT rates in 2014 will be considered in the context of the forthcoming Budget.