Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Fuel Prices: Discussion

Mr. Kevin McPartlan:

It depends on where that change happens. If it happens with VAT, my understanding is the taxation point for VAT is at the point of sale. Therefore, it would be immediate. The point of excise taxation is when it leaves the bonded warehouse. In our case this is the terminal.

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