Patrick O'Donovan
Question:228. Deputy Patrick O'Donovan asked the Minister for Finance the cost to the Exchequer of reducing the rate of VAT by 2%; and if he will make a statement on the matter. [6879/13]
View answerTuesday, 12 February 2013
Questions (228)
Written answers
I am informed by the Revenue Commissioners that, assuming the rate of VAT being referred to is the standard rate, the full year cost of reducing the rate from 23% to 21% is estimated at €570m. I have no current plans to reduce VAT rates.
Question No. 229 answered with Question No. 198.