Written answers

Tuesday, 15 June 2010

8:00 am

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 162: To ask the Minister for Finance the yield to the Exchequer from an increase of 1c, 5c, 10c and 50c in the excise duty on 20 cigarettes, and a [i]pro rata[/i] increase in excise on other tobacco products; and if he will make a statement on the matter. [25387/10]

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 163: To ask the Minister for Finance the yield to the Exchequer from an increase of 1c, 5c, 10c and 50c in the excise duty on a pint of beer; and if he will make a statement on the matter. [25388/10]

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 164: To ask the Minister for Finance the yield to the Exchequer from an increase of 5c, 10c and 50c in the excise duty on a litre of wine; and if he will make a statement on the matter. [25389/10]

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 165: To ask the Minister for Finance the yield to the Exchequer from an increase of 5c, 10c and 50c in the excise duty on a pint of cider; and if he will make a statement on the matter. [25390/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 162 to 165, inclusive, together.

I am informed by the Revenue Commissioners that the full year yields arising from the increases requested, inclusive of VAT, are as set out in the following table.

1 cent, inclusive of VAT5 cent, inclusive of VAT10 cent, inclusive of VAT50 cent, inclusive of VAT
Est Yield €mEst Yield €mEst Yield €mEst Yield €m
BeerPint7.236.071.4337.9
CiderPint-5.110.147.8
Wine75cl Bottle-3.16.229.2
CigarettesPack of 201.67.915.877.8

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 166: To ask the Minister for Finance the yield to the Exchequer from an increase of 5c, 10c and 50c in the excise duty on a litre of petrol; and if he will make a statement on the matter. [25391/10]

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 167: To ask the Minister for Finance the yield to the Exchequer from an increase of 5c, 10c and 50c in the excise duty on a litre of autodiesel; and if he will make a statement on the matter. [25392/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 166 and 167 together.

I am informed by the Revenue Commissioners that the estimated full year yield to the Exchequer from Mineral Oil Tax in respect of petrol and auto-diesel at the stated increases, inclusive of VAT, is as follows:

Excise DutyIncrease (inclusive of VAT)Estimated Yieldfor Petrolâ'¬mEstimated Yieldfor Auto-dieselâ'¬m
5 cent86.996.0
10 cent172.1190.3
50 cent806.2883.3

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 168: To ask the Minister for Finance further to Parliamentary Question No. 298 of 6 October 2009, the amount of tax revenue which would be raised on a 2011 and full year basis by introducing a minimum effective tax rate for those availing of all tax reliefs, that is by expanding the list of specified reliefs to which the minimum effective tax rate is currently applied, to include all tax reliefs including tax credits at earnings thresholds of €500,000, €250,000, €200,000, €150,000, €125,000, and €100,000, if he will estimate the amount of tax revenue which would be raised on a 2011 and full year basis at each of the thresholds above if the minimum effective tax rate was set at 30%. [25393/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The existing restriction of reliefs, or horizontal measure is activated where individuals have an adjusted income of €125,000 and claim specified reliefs of €80,000 or more. Those subject to the full restriction, at adjusted incomes of €400,000 or greater, will pay an effective income tax rate of 30% in addition to PRSI and levies.

The list of specified reliefs that are subject to the restriction are set out in Schedule 25B of the Taxes Consolidation Act 1997. Broadly, the reliefs restricted are the various property based tax incentives and certain other reliefs such as the Business Expansion Scheme, film relief and donations relief. Also restricted are certain tax exemptions including artistic income and patent royalties. The normal deductible items available to the broad range of taxpayers such as medical expenses, trade union subscriptions, the personal tax credits and exemptions such as that for child benefit are not restricted. Similarly, normal business expenses and deductions for capital allowances on plant and machinery, as well as genuine business related trading losses are not restricted.

The calculations requested by the Deputy on the basis of restricting all tax reliefs and tax credits could only be provided by a significant development of the costing model, which would be prohibitive in terms of the resources required.

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