Tommy Broughan (Dublin North East, Labour)
Link to this: Individually | In context

Question 57: To ask the Minister for Finance the amount raised by stamp duty on credit or cash card facilities and on bank transactions in each of the past five years; and if he will make a statement on the matter. [25129/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

I am informed by the Revenue Commissioners that the net receipts from stamp duty on financial cards and cheques from 2003 to 2007 inclusive, broken down both by year and type of card, is as shown in the following table.

There is no stamp duty on bank transactions.

Leo Varadkar (Dublin West, Fine Gael)
Link to this: Individually | In context

Question 58: To ask the Minister for Finance if he will estimate the amount of VAT the Government has earned on unleaded petrol and diesel during May 2008; and if he will make a statement on the matter. [25138/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

I am informed by the Revenue Commissioners that the only monthly information available as a basis for estimating the amount of VAT yield to the Exchequer on unleaded petrol and diesel is the clearances of petrol and auto diesel on which Mineral Oil Tax has been paid for the month of May. The estimated VAT generated for the month of May is as follows:

I am also informed that VAT returns do not require the yield from a particular sector or sub-sector of trade to be identified and precise figures of the VAT yield in May on these oil products cannot therefore be provided. The figures provided for May VAT receipts are estimates of the amount of VAT yield that would be generated by the volume of clearances of petrol and auto diesel for the month in question based on available price indicators. Mineral Oil Tax is paid in the month of clearance of the product but, depending on the nature of the registration status of a trader, VAT returns can be made monthly, bimonthly, quarterly, half yearly or annually and this will dictate the point in time when VAT on sales will actually be paid to Revenue. It should be noted that the VAT content of purchases of auto diesel is a deductible credit for business in the Irish VAT system.