Written answers

Tuesday, 27 January 2009

9:00 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael)
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Question 270: To ask the Minister for Finance the income to the Exchequer for VRT for each year since 1997, with a breakdown of such on a monthly basis; the income accrued to the Exchequer for 2009 from VRT; the estimated income from such for 2009, 2010 and 2011; and if he will make a statement on the matter. [1257/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The Revenue Commissioners have provided VRT receipts for the period 1997 to 2008 and these figures are supplied in the following table. The figures provided are on a Revenue Net Receipts basis, which differ from Exchequer receipts due to timing and accounting issues. The Deputy should note that the figures for 2008 are provisional at this stage and are liable to some slight revision. VRT is a component of excise duty receipts. Since 2003, VRT has ranged between 17.3 per cent and 23.4 per cent of overall excise duty receipts.

In the recent Addendum to the Irish Stability Programme Update, aggregate tax forecasts for 2009 and the following years were set out. It is now expected that tax revenue for 2009 will decline by 91⁄4 per cent, reflecting the weak economic climate that exists. Tax revenue of €36.9 billion and €38.4 billion are forecast for 2010 and 2011. As is customary, monthly profiles by tax-head, including excise duties, will be published shortly. However, these are not currently available.

Total Net Receipts for VRT — 1997-2008
199719981999200020012002200320042005200620072008 (Prov)
€m€m€m€m€m€m€m€m€m€m€m€m
JAN34.350.847.160.743.342.150.239.249.054.067.6213.5
FEB72.173.6109.7160.6146.1148.0162.2183.9231.3280.3311.5196.6
MAR56.363.494.6128.9103.6106.2102.8120.6145.3173.9184.8155.7
APR50.062.084.8120.995.081.292.6119.2139.6159.0176.7112.8
MAY43.959.071.498.279.178.976.288.8112.2120.4130.989.4
JUN45.556.069.7102.775.776.171.489.4105.9115.5153.784.1
JUL42.056.267.885.961.558.461.376.290.2103.0100.880.4
AUG39.850.659.671.452.158.763.265.976.681.380.760.7
SEP57.272.986.5100.784.791.584.794.6119.9115.5113.871.1
OCT20.827.234.032.118.620.621.927.334.542.436.418.4
NOV24.324.927.025.517.819.219.523.727.927.429.918.3
DEC16.518.518.913.710.511.713.617.216.414.719.46.4
Total502.6615.1771.11,001.3788.0792.6819.4946.01,148.81,287.41,406.11,107.2

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