Written answers
Tuesday, 4 December 2007
Department of Finance
Tax Yield
9:00 pm
Michael D'Arcy (Wexford, Fine Gael)
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Question 199: To ask the Tánaiste and Minister for Finance the increase in revenue from excise on oil in 2005, 2006 and 2007. [32440/07]
Brian Cowen (Laois-Offaly, Fianna Fail)
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I draw the Deputy's attention to the fact that I have not increased the rates of excise on petrol and diesel in the last three Budgets. In the Finance Bill 2005, I marginally increased the rates for auto-LPG, non-auto-LPG and fuel oil to comply with the minimum rates provided for in the EU Energy Tax Directive. In Budget 2006, I reduced the excise rates for kerosene, the primary fuel used for home heating as well as LPG also used for home heating by 50%. In Budget 2007, I further reduced both these fuels for home heating purposes to a zero rate. The increase in revenue is therefore primarily a reflection of the increase in demand for petrol and diesel. I am informed by the Revenue Commissioners that the increase in revenue from mineral oil tax for the requested period is as follows:
2004 | 2005 | 2006 | 2007 (Provisional) | |
Mineral Oil Tax | € m | € m | € m | € m |
Petrol | 970.7 | 1,001.9 | 1,026.4 | 1,058.1 |
Auto Diesel | 870.7 | 920.5 | 1016.7 | 1,090.5 |
Fuel Oil | 12.4 | 13.4 | 11.4 | 7.8 |
Marked Gas Oil | 70.9 | 72.9 | 68.8 | 67.4 |
Kerosene | 33.5 | 33.7 | 18.0 | 0.0 |
Auto LPG | 0.1 | 0.1 | 0.1 | 0.1 |
Other LPG | 5.1 | 5.4 | 2.8 | 0.0 |
Total | 1,963.4 | 2,047.9 | 2,144.2 | 2,223.9 |
Increase | 84.5 | 96.3 | 79.7 |
The figures provided for 2007 are the estimated end of year out-turn.
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