Written answers
Wednesday, 8 October 2008
Department of Finance
Tax Yield
9:00 pm
Richard Bruton (Dublin North Central, Fine Gael)
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Question 214: To ask the Minister for Finance the revenue received in income tax, VAT, capital gains tax, capital acquisitions tax, excise, stamp duty, customs, motor tax and corporate tax from 2004 to 2007; and if he will provide an estimate for 2008. [34111/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Details of Exchequer taxes for the years 2004 — 2007 are published in the Finance Accounts and the relevant information is set out below for completeness. In relation to 2008, I will be publishing my latest Exchequer tax estimate for the 2008 outturn in the White Paper on Estimates and Receipts this coming weekend and, as is the norm on Budget day, 14 October, I will publish my Department's estimated outturn for 2008 for Exchequer Taxes.
Motor tax, unlike all other taxes, is not paid into the Exchequer. Under the Local Government Act, 1998 motor taxation is paid directly into the Local Government Fund. The Fund is used generally to finance local authority general purposes needs and non-national road grants. The motor tax figures for 2004 to 2007 have been provided by the Department of the Environment, Heritage and Local Government, which estimates that the 2008 yield will be approximately €1,079 million.
End Year | End year | End year | End year | |
2007 | 2006 | 2005 | 2004 | |
(€m) | (€m) | (€m) | (€m) | |
VAT | 14,497 | 13,448 | 12,089 | 10,693 |
Capital Gains Tax | 3,105 | 3,100 | 1,960 | 1,516 |
Capital Acquisitions Tax | 392 | 353 | 249 | 190 |
Excise Duties | 5,838 | 5,589 | 5,233 | 4,928 |
Stamp Duty | 3,186 | 3,717 | 2,725 | 2,088 |
Customs | 266 | 257 | 226 | 173 |
Corporation Tax | 6,391 | 6,683 | 5,492 | 5,332 |
Motor Tax | 946 | 880 | 800 | 745 |
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