asked the Minister for Finance the cost in respect of each rate at which VAT is currently charged of reducing each VAT rate by one percentage point.
Written Answers. - VAT Rates.
60.
It is estimated that a reduction of one percentage point in the 10 and 20 per cent VAT rates and in the manufacturing/importation tier of the two-tier 35 and 40 per cent rates would cost the Exchequer £23 million in a full year.