Departmental Expenditure

Dáil Éireann Debate, Tuesday - 6 December 2011

Tuesday, 6 December 2011

Questions (311)

Michael McGrath

Question:

316 Deputy Michael McGrath asked the Minister for Agriculture, Food and the Marine the estimated cost to his Department of a 2% increase in the standard rate of VAT; and if he will make a statement on the matter. [38456/11]

Written answers

Minister for Agriculture, Food and the Marine (Deputy Simon Coveney)

An increase in the standard rate of VAT by 2 %, based on current expenditure levels, would cost my Department an estimated €950,000 per annum.