asked the Minister for Finance the estimated yield from VAT for the year 1988 on the assumption that VAT rates remain unchanged.
Written Answers. - Estimated 1988 VAT Yield.
15.
In order to forecast the yield from VAT in 1988, it is necessary to make assumptions about a number of its determining factors. These include the rate of inflation, the change in the value of merchandise imports, the change in real personal consumer expenditure and the expected 1987 VAT outturn.
I am not in a position to give an estimate of the 1988 VAT yield at this stage. The formal estimate on an unchanged rates basis will appear in the annual White Paper on Receipts and Expenditure which will be published in January.