Written answers
Thursday, 21 September 2023
Department of Finance
Tax Data
Pearse Doherty (Donegal, Sinn Fein)
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147. To ask the Minister for Finance the estimated cost of reducing the level of excise applied to home heating oil from €122.83 to €100, €72.83, €60 and €0.00, from 12 October 2023 to end-2023 and from 1 January 2024 to end-March 2024 respectively, in tabular form. [40897/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated costs of reducing the levels of excise applied to home heating oil from €122.83 to €100, €72.83, €60 and €0.00, from 12 October 2023 to end-December 2023, and from 1 January 2024 to end-March 2024, are shown in the following table.
| Proposed Rates | Year | MOT €m | VAT €m | Total €m |
|---|---|---|---|---|
| €100 per 1,000 litres | 2023 | 3.5 | 0.5 | 4.0 |
| €100 per 1,000 litres | 2024 | 10.6 | 1.4 | 12.0 |
| €72.83 per 1,000 litres | 2023 | 7.7 | 1.0 | 8.7 |
| €72.83 per 1,000 litres | 2024 | 23.1 | 3.1 | 26.3 |
| €60 per 1,000 litres | 2023 | 9.6 | 1.3 | 10.9 |
| €60 per 1,000 litres | 2024 | 29.1 | 3.9 | 33.0 |
| €0 per 1,000 litres | 2023 | 18.9 | 2.5 | 21.4 |
| €0 per 1,000 litres | 2024 | 56.8 | 7.7 | 64.5 |
These estimates are based on the most recently available data and do not account for any future behavioural changes.
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