asked the Minister for Finance the loss, if any, to the Exchequer if the value-added tax on magazines was reduced from 23 per cent to 10 per cent.
Written Answers. - Reduction of Magazine Tax.
49.
Assuming that the Deputy has in mind all periodicals currently liable to VAT at the 23 per cent rate, the annual loss to the Exchequer in 1985 terms would be about £3 million.