Written answers
Tuesday, 23 April 2013
Department of Finance
Tax Yield
Sandra McLellan (Cork East, Sinn Fein)
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242. To ask the Minister for Finance the amount of money generated from VAT annually; if he will provide a breakdown of the way that the money is spent; and if he will make a statement on the matter. [18816/13]
Michael Noonan (Limerick City, Fine Gael)
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The Department of Finance has a publicly available databank on its website with comprehensive tax data where information on annual yields can be found (http://databank.finance.gov.ie/). For information, the following table lists the annual amounts of VAT receipts received over the period 2009-2012.
2009 €million | 2010 €million | 2011 €million | 2012* €million | |
---|---|---|---|---|
Value Added Tax | 10,670 | 10,101 | 9,741 | 10,171 |
*2012 VAT receipts are unaudited figures and are subject to revision
Source: Department of Finance
Tax revenues are not generally assigned to particular areas of expenditure. Rather they are available, along with non-tax revenues, capital receipts as well as moneys sourced from borrowing to fund overall expenditure.
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