Jim Mitchell
Ceist:92 Mr. J. Mitchell asked the Minister for Finance the estimated cost in a full year of reducing the standard rate of VAT by 1%. [5361/01]
Written Answers. - VAT Reduction.
Assuming the enactment of the changes announced in the 2001 budget, I am informed by the Revenue Commissioners that the estimated cost in a full year of reducing the standard rate of VAT from 20% to 19% is £204 million, 259 million.