Tommy Broughan (Dublin North East, Independent)
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20. To ask the Minister for Finance the estimated cost to the Exchequer of decreasing the higher rate of VAT from 23% to 22% and 21%, respectively; and the cost of decreasing the lower rate of VAT from 13.5% to 12.5%. [39352/14]

Michael Noonan (Limerick City, Fine Gael)
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Decreasing the higher rate of VAT from 23% to 22% would cost the Exchequer €271 million in a full year, while a decrease from 23% to 21% would cost €542 million.  Decreasing the 13.5% rate of VAT to 12.5% would cost the Exchequer €246 million in a full year.