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Dáil Éireann debate -
Thursday, 23 Jan 1986

Vol. 363 No. 2

Written Answers. - VAT Revenue.

48.

asked the Minister for Finance the estimated change in revenue in a full year of (a) a 1 per cent, (b) a 3 per cent and (c) a 5 per cent reduction in the 23 per cent VAT rate.

The cost in a full year, based on 1985 estimated figures, of a 1 per cent, 3 per cent and 5 per cent reduction in the 23 per cent rate as at present applied is £52 million, £156 million and £260 million respectively. The figures are arithmetically calculated, i.e., they do not take into account the effect on demand created by each reduction.

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