Written answers
Tuesday, 27 May 2008
Department of Finance
Tax Yield
9:00 pm
Michael Ring (Mayo, Fine Gael)
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Question 185: To ask the Minister for Finance the tax take on motor fuels for each of January, February and March 2007; if he will compare these figures to the corresponding figures for 2008. [21005/08]
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 motor fuels for the period January to March 2007 as compared to January to March 2008 are as follows:
| Mineral Oil Tax | 2007 Prov. | 2008 Prov. | Diff. | % Change | |
| â'¬m | â'¬m | â'¬m | % | ||
| Petrol | Jan | 122.5 | 123.2 | 0.7 | 0.5% |
| Feb | 80.6 | 83.2 | 2.6 | 3.2% | |
| Mar | 88.5 | 84.9 | -3.6 | -4.1% | |
| Total | 291.6 | 291.3 | -0.3 | -0.1% | |
| Diesel | Jan | 111.3 | 113.7 | 2.4 | 2.2% |
| Feb | 85.5 | 91.0 | 5.5 | 6.4% | |
| Mar | 91.3 | 88.3 | -3.0 | -3.3% | |
| Total | 288.1 | 293.0 | 4.9 | 1.7% |
| Estimated VAT Yield | 2007 Est. | 2008 Est. | Diff | % Change | |
| â'¬m | â'¬m | â'¬m | % | ||
| Petrol | Jan | 49.7 | 57.3 | 7.6 | 15.3% |
| Feb | 32.3 | 38.1 | 5.8 | 17.8% | |
| Mar | 37.0 | 39.7 | 2.7 | 7.4% | |
| Total | 118.9 | 135.0 | 16.1 | 13.5% | |
| Diesel | Jan | 5.6 | 6.7 | 1.1 | 19.5% |
| Feb | 4.2 | 5.2 | 1.0 | 23.2% | |
| Mar | 4.6 | 5.1 | 0.5 | 10.1% | |
| Total | 14.4 | 16.9 | 2.5 | 17.6% | |
| Note: The VAT yield from petroleum products 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. |
The yield from excise, as excise is set at a nominal amount, does not increase as the price of fuels increase. On the other hand, the yield from VAT, as VAT is set as a percentage of the price, increases as the price of fuels increase. However, in this regard it should be borne in mind that to the extent that spending in the economy is re-allocated to petrol and other oil products, and away from other VAT liable spending, and to the extent that the overall level of economic activity is reduced by higher oil prices, there may be little or no net gain to the Exchequer.
Michael Ring (Mayo, Fine Gael)
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Question 186: To ask the Minister for Finance if he will express as a percentage the tax take on a motorist who spends €50 on diesel. [21006/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the percentage tax take on a motorist who spends €50 on diesel is 45%. This percentage is based on a sample price of €1.32 per litre.
Michael Ring (Mayo, Fine Gael)
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Question 187: To ask the Minister for Finance if he will express as a percentage the tax take on a motorist who spends €50 on petrol. [21007/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the percentage tax take on a motorist who spends €50 on petrol is approximately 53%. This percentage is based on a sample price of €1.25 per litre.
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