Ivan Yates
Question:206 Mr. Yates asked the Minister for Finance the cost of changing confectionery breads and cakes from a VAT rate of 12.5 per cent to the zero rate as applies in Northern Ireland and the UK.
Written Answers. - Confectionery VAT Rate.
The cost to the Exchequer of changing confectionery breads and cakes from a VAT rate of 12.5 per cent to the zero rate is estimated at £5 million in 1994 and £9 million in a full year.