Reduced VAT rate for books
Shatter asked whether a special lower VAT rate for books could preserve similar revenue. The Minister said the matter was for the budget.
I have been trying to get in with a relevant question. The Minister said that the figures given related to money which had come in from the 15 per cent VAT rate since last September and 10 per cent prior to that. Whereas it may not be financially possible to exclude books from VAT in the short term, will the Minister give consideration to reducing VAT on all books by providing a special VAT rating which might result in a similar sum of money coming in as was brought in last year?
Comment on this
The VAT rating was only increased in the July budget which became operable on 1 September last. The answer to the second part of the Deputy's question is a budgetary matter.