Written answers
Wednesday, 4 June 2008
Department of Finance
Tax Yield
10:00 pm
Seán Sherlock (Cork East, Labour)
Link to this: Individually | In context
Question 115: To ask the Minister for Finance the amount raised from excise duties on petrol and diesel respectively for the years 2005, 2006, 2007 and to date in 2008; the amount raised from VAT on petrol and diesel respectively for the years 2005, 2006, 2007 and to date in 2008; and if he will make a statement on the matter. [21968/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context
I am informed by the Revenue Commissioners that the amounts of tax revenue collected from Mineral Oil Tax and VAT on these products for the years 2004 to 2007 and the first four months of 2008 are as follows:
| Mineral Oil Tax | |||||
| 2004 | 2005 | 2006 | 2007 Prov | 2008 | |
| â'¬m | â'¬m | â'¬m | â'¬m | â'¬m | |
| Petrol | 970.7 | 1,001.9 | 1,026.4 | 1,051.3 | 382.4 |
| Auto Diesel | 870.7 | 920.5 | 1,016.7 | 1,075.8 | 392.6 |
| Marked Gas Oil | 70.9 | 72.9 | 68.8 | 68.4 | 26.2 |
| Kerosene | 33.5 | 33.7 | 18.0 | 0.0 | 0.0 |
| Total | 1,945.8 | 2,029.0 | 2,129.9 | 2,195.5 | 801.2 |
| Estimated VAT Yield | |||||
| 2004 | 2005 | 2006 | 2007 | 2008 | |
| â'¬m | â'¬m | â'¬m | â'¬m | â'¬m | |
| Petrol | 342 | 393 | 440 | 465 | 177 |
| Auto Diesel | 38 | 46 | 53 | 57 | 23 |
| Marked Gas Oil | 48 | 65 | 73 | 70 | 31 |
| Kerosene | 51 | 69 | 79 | 77 | 46 |
| Total | 479 | 573 | 645 | 669 | 277 |
| 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. |
No comments