Written answers

Tuesday, 18 December 2007

11:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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Question 147: To ask the Tánaiste and Minister for Finance if he will provide details of VRT receipts on both a pre and post-budget basis for 2006 and 2007 and forecast receipts for 2008 to 2010. [34851/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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I am informed by the Revenue Commissioners that €1,287 million was received in 2006 and they estimate that €1,420 million VRT will be received in 2007.

The White Paper, Estimates of Receipts and Expenditure, published on Saturday 1 December last includes, inter alia, my Department's pre-Budget estimate of tax revenue for 2008. The 2008 pre-Budget estimate for Excise Duties, which includes VRT, was €5,885 million. My Department does not publish a breakdown of the components of Excise Duties.

Table 3 on page E.9. of the Budget book provides the following post-Budget forecasts for Excise Duties: €5,989 million for 2008; €6,210 million for 2009; €6,415 million for 2010.

The Revenue Commissioners produce Post-Budget estimates for VRT. Their post-Budget estimates for VRT for 2006 and 2007, the net receipts for 2006 and the expected net receipts outturns for 2007, together with the forecast for 2008, 2009 and 2010 on a post-Budget basis are set out in the following table.

YearPost Budget EstimateReceipts
€m€m
20061,3081,287
20071,5381,420 (f)
20081,388
20091,395
20101,424
(f) forecast figures for 2007 outturn.

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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Question 148: To ask the Tánaiste and Minister for Finance if he will provide details of receipts from stamp duty forecast for 2008 to 2010 on both a pre and post-budget basis. [34852/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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The White Paper, Estimates of Receipts and Expenditure for the year ending 31 December, 2008, published on Saturday 1 December includes, inter alia, my Department's pre-Budget estimates of tax revenue for 2008. The pre-Budget forecast for Stamp Duties for 2008 is €2,950 million. My Department has not produced such pre-Budget estimates for later years.

Table 3 on page E.9 of the Budget book provides the following post-Budget forecasts for Stamp Duty: €2,855 million in 2008; €2,975 million in 2009; and €3,120 million in 2010.

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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Question 149: To ask the Tánaiste and Minister for Finance the basis for the calculation that the net effect on tax projections from budget 2008 changes would be €661 million additional tax revenues. [34853/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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Budget day measures have an impact on the economy in that they can result in changes in consumption and investment patterns leading to additional tax revenues. In Budget 2008 the impact of the Budget Measures on tax buoyancy was estimated at €661 million. As is customary, table 7 on page E14 of the Budget book sets out the effects of the implementation of the Budget day tax and expenditure measures on the pre-Budgetary position shown in the White Paper on Receipts and Expenditure.

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