Written answers
Thursday, 5 February 2015
Department of Finance
Carbon Tax Yield
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
138. To ask the Minister for Finance the yield form carbon tax on solid fuel in 2013 and 2014; the additional revenue that will be raised from increasing the tax on solid fuel from 1 May 2014; and if he will make a statement on the matter. [5383/15]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source
I am informed by the Revenue Commissioners that the yield from Carbon Tax on Solid Fuel was €7.3m in 2013 and €17.2m in 2014. The Solid Fuel Carbon Tax was introduced on a phased basis at a rate of €10 per tonne of CO2 emitted on 1 May 2013 increasing to €20 per tonne from 1 May 2014.
The 2014 receipts are provisional at this time and may be subject to revision. Please note that for Solid Fuel Carbon Tax, the accounting period is a 2 month period and returns and payment are due to Revenue by the end of the following month (e.g., the May-June return and payment is due the end of July).
No comments