Dáil debates

Wednesday, 13 March 2013

Finance Bill 2013: Report Stage (Resumed)

 

1:50 pm

Photo of Alex WhiteAlex White (Dublin South, Labour) | Oireachtas source

I notice the Deputy has offered no suggestions as to how we might circumvent the greatest difficulty in this regard, namely, the fact that the expected yield from the increases in question is €180 million in a full year. If there is a serious proposal to the effect that these increases should be removed, there would have to be at least some marginal effort on the part of the Deputy - the House and the Minister would ultimately have to become involved - to explain how the resulting hole of €180 million in our finances could be filled. As the House is aware, section 58 confirms the increases in the rates of alcohol products tax announced in the budget. When VAT is included, these increases amount to 10 cent on a pint of beer or cider, 10 cent on a measure of spirits and €1 on a bottle of wine, with pro rata increases in the case of other products. It is not proposed to accept the amendment.

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