asked the Minister for Finance the estimated cost of reducing VAT (a) on building and (b) on fuels to 5 per cent.
Written Answers. - Reduction of VAT.
151.
The estimated full year cost of reducing VAT to 5 per cent on the items mentioned is as follows:
|
£m |
£m |
|
|
Building (i.e. buildings and building services) |
54 |
|
|
Fuels |
||
|
—liable at the 23 per cent rate (i.e. petrol, autodiesel etc.) |
103 |
|
|
—liable at the 10 per cent rate (i.e. coal, gas, heating oil etc.) |
17 |
120 |