Written answers
Wednesday, 13 December 2017
Department of Finance
Excise Duties Yield
Clare Daly (Dublin Fingal, Independent)
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82. To ask the Minister for Finance the estimated additional revenue yield if a publican's excise licence and on the value of turnover was in excess of €1.270 million increased from €3,805 to €5,125. [53356/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that 390 licences were issued to traders declaring an annual turnover in excess of €1.27m during the 2016/2017 licensing year, which ended on 30 September 2017. The total Excise Licence Duty payable by these traders was €1,483,950 (€3,805 x 390).
If the Excise Licence Duty payable had been €5,125 in the same period the total Excise Licence Duty payable would have amounted to €1,998,750. This would represent an increase of €514,800.
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