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Dáil Éireann debate -
Thursday, 14 Dec 1972

Vol. 264 No. 8

Written Answers. - Operation of VAT.

69.

asked the Minister for Local Government if, as a result of VAT, building costs will be considerably increased and, if so, if he will provide additional money whereby all housing grants will be increased to meet the additional costs.

VAT as an element in house building costs should generally be no greater and no less than the combined wholesale and turnover taxes which it replaced. There should, therefore, be no increase in the prices of new houses as a result of the new tax.

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