Dáil Éireann Debate, Thursday - 27 June 2013
96. Deputy Thomas P. Broughan asked the Minister for Finance the cost to the Exchequer of reducing the rate of value added tax from 23% by 1.5%; and his plans to reduce the higher rate of VAT in Budget 2014. [31298/13]
Amharc ar fhreagraI am informed by the Revenue Commissioners that the full year cost of reducing the standard rate of VAT from 23% by 1.5% to 21.5% is estimated at €380 million. Any changes to the VAT rates in 2014 will be considered in the context of the forthcoming Budget.
