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Dáil

Written Answers. - Harmonisation of Irish/UK VAT Rates.

Anne Marie Colley Miss Colley Progressive Democrats

asked the Minister for Finance the estimated cost to the Exchequer of harmonising Irish and UK VAT rates in the year 1989.

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Albert Reynolds Minister for Finance (Mr. Reynolds) Fianna Fáil

I am informed by the Revenue Commissioners that the Exchequer cost of harmonising Irish VAT rates to UK levels would be of the order of £550 million in 1989 full year terms.

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