Oireachtas Joint and Select Committees
Wednesday, 3 December 2014
Joint Oireachtas Committee on Transport and Communications
Fuel Fraud: Revenue Commissioners
11:50 am
Mr. Gerard Moran:
I will answer the Chairman's question and will comment briefly. The excise duty remains constant regardless of the price. There is a specific tax in respect of the excise duty and the carbon tax. VAT is a function of the price and consequently as the price level goes down, so too does the VAT yield and, similarly, when the price rises so too does the VAT yield. I do not have a view on the relationship between prices in Ireland and world prices. I do not know whether there were some other points I have not picked up from earlier.
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