asked the Minister for Finance the additional sum which will accrue to the Exchequer from VAT as a result of the 121 price increases mentioned in the last report of the Prices Commission and which were allowed by the Minister for Industry and Commerce.
Ceisteanna—Questions. Oral Answers. - VAT Yield.
40.
It is not possible to calculate what additional value-added tax will accrue from the particular price increases mentioned. In a number of cases there will be no additional revenue because the items affected are zero-rated.
A general allowance for possible increases in consumer prices during the course of the year was made when the estimate of the yield from VAT in the current financial period was being framed.