Written answers
Thursday, 8 May 2008
Department of Finance
Tax Yield
5:00 pm
Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Question 90: To ask the Minister for Finance the amount collected in taxation for each category of petrol and diesel for each year from 2004 to date in 2008 inclusive; and if he will make a statement on the matter. [17280/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the amounts of tax revenue collected from Mineral Oil Tax and VAT on Petrol and Auto Diesel for the years 2004 to March 2008 inclusive are as follows:
| Estimated Excise Duty yield from Petrol and Auto Diesel | |||||
| 2004 | 2005 | 2006 | 2007 (prov.) | 2008 (prov.) 1st Qtr | |
| â'¬m | â'¬m | â'¬m | â'¬m | â'¬m | |
| Petrol | 970.7 | 1,001.9 | 1,026.4 | 1,051.3 | 291.3 |
| Diesel | 870.7 | 920.5 | 1,016.7 | 1,075.9 | 293.0 |
| Total | 1,841.5 | 1,922.4 | 2,043.1 | 2,127.2 | 584.3 |
| Estimated VAT yield from Petrol and Auto Diesel | |||||
| 2004 | 2005 | 2006 | 2007 (prov.) | 2008 (prov.) 1st Qtr | |
| â'¬m | â'¬m | â'¬m | â'¬m | â'¬m | |
| Petrol | 342 | 393 | 440 | 465 | 121 |
| Diesel | 38 | 46 | 53 | 57 | 15 |
| Total | 380 | 439 | 493 | 522 | 136 |
| Total Estimated Excise Duty and VAT yield | |||||
| 2004 | 2005 | 2006 | 2007 (prov.) | 2008 (prov.) 1st Qtr | |
| â'¬m | â'¬m | â'¬m | â'¬m | â'¬m | |
| Total | 2,221.5 | 2,361.4 | 2,536.1 | 2,649.2 | 720.3 |
| Note: The VAT yield from Petrol and Auto Diesel is estimated as the information to be furnished on VAT returns does not require the yield from particular sectors of trade to be identified. It should also be noted that the VAT content of purchases of Auto Diesel is a deductible credit for business in the Irish VAT system. |
Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Question 91: To ask the Minister for Finance the amount of stamp duty collected on housing transactions for each month since January 2006 to date in 2008. [17281/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the information requested by the Deputy in relation to net receipts from stamp duty on residential property is as set out in the table which reflects the position up to and including March 2008:
| Month | 2006 Net Receipts | 2007 Net Receipts | 2008* Net Receipts |
| â'¬ million | â'¬ million | â'¬ million | |
| January | 96.50 | 127.40 | 48.37 |
| February | 82.80 | 115.51 | 43.43 |
| March | 96.25 | 93.77 | 44.13 |
| April | 75.75 | 76.58 | |
| May | 105.55 | 89.53 | |
| June | 102.64 | 81.95 | |
| July | 128.66 | 90.83 | |
| August | 121.50 | 86.83 | |
| Sept. | 137.54 | 68.50 | |
| Oct. | 134.02 | 75.14 | |
| Nov. | 123.65 | 67.32 | |
| Dec. | 105.81 | 49.22 | |
| Total | 1,310.87 | 1,017.90 | 135.85 |
| *Figures for 2008 are provisional and subject to revision. |
As monthly figures of yield provided in the table reflect the position recorded soon after the end of each month the total end-year yield implied on this basis does not coincide entirely with the end year totals finalised after year end. Differences can arise because of various retrospective adjustments and this applies particularly to 2007 where refunds to first-time buyers under the Finance (No. 2) Act 2007 necessitated retrospective adjustment to stamp duty liabilities.
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