Written answers

Tuesday, 27 January 2015

Department of Finance

VAT Rate Reductions

Photo of Seán KennySeán Kenny (Dublin North East, Labour)
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204. To ask the Minister for Finance the estimated cost to the Exchequer if the 13.5% VAT rate was reduced to 13%; and if he will make a statement on the matter. [3508/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the cost of lowering the reduced rate of VAT from 13.5% to 13% is estimated at €130m.

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