Bernard Durkan (Kildare North, Fine Gael)
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Question 208: To ask the Tánaiste and Minister for Finance the projected receipts to the Exchequer for the year ending 31 December 2007 from the motor industry including VRT, excise duty and fuel taxation; the way this compares with 2007 budgetary estimates; and if he will make a statement on the matter. [24039/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that the relevant information available is the amount of tax revenues collected as Mineral Oil Tax (excise) and VRT in respect of motor vehicles. Details as follows:

The yield from VAT on cars, petrol, auto diesel and other goods and services relating to the motor industry is not separately identified in the Budget target for VAT in 2007 published by my Department. The information furnished with VAT returns does not require the yield from a particular sector or sub-sector of trade to be identified. However, it is provisionally estimated, that the net receipt of VAT from the motor industry will be of the order of €1,350 million in 2007.

Bernard Durkan (Kildare North, Fine Gael)
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Question 209: To ask the Tánaiste and Minister for Finance the expected revenue to accrue to the Exchequer by 31 December 2007 from stamp duty; the way this figure compares with 2007 budgetary estimates; and if he will make a statement on the matter. [24040/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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The Budget 2007 forecast for Stamp Duty was for €3,925 million to be collected in 2007, a year on year growth rate of 5.6 per cent above the 2006 outturn. Stamp Duty was expected to represent 8 per cent of total tax forecast for this year. Stamp Duty at the end of September was €401 million or 13.8% below profile. This is largely due to the weakness in the level of Stamp Duty collected from property.

As indicated at the time of the end-September Exchequer Returns, there is likely to be a shortfall in overall tax revenues this year of up to €1 billion. It is currently anticipated Stamp Duties will be around €600 million below target. Capital Gains Tax, VAT and Excise Duties are also expected to be below target but Income Tax and Corporation Tax are expected to outperform their targets.

The shortfall in tax revenues this year will be offset to some extent by positive developments on other elements of the Exchequer account and as a result an Exchequer deficit of up to €1 billion now seems likely. The Budget day forecast was for an Exchequer deficit of €546 million in 2007.

Bernard Durkan (Kildare North, Fine Gael)
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Question 210: To ask the Tánaiste and Minister for Finance the extent to which revenue from income tax is expected to be in accord with budgetary projections for 2007; and if he will make a statement on the matter. [24041/07]

Brian Cowen (Laois-Offaly, Fianna Fail)
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At Budget 2007 Income Tax receipts for 2007 of €13,555 million were forecast. This represented an increase over the 2006 outturn of 9.4 per cent year on year. At the end of September Income Tax receipts were, at €8,823 million, €56 million or 0.6 per cent above profile. On the basis of the end-September figures and in light of the positive economic outlook for employment and earnings I expect Income Tax to remain largely on target to the end of the year.