Written answers

Tuesday, 15 May 2018

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

175. To ask the Minister for Finance the estimated revenue that would be generated by measures (details supplied). [21202/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am advised by Revenue that a Ready Reckoner is available on the Revenue Statistics webpage at www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx. This Ready Reckoner shows a wide range of detailed information, including changes to the Betting Duty rate (page 23). While the Ready Reckoner does not show all of the specific costings requested by the Deputy, others can be estimated from those shown on a pro-rata or straight line basis with those displayed in the Ready Reckoner. The additional yield from increasing the commission based tax on betting intermediaries to 20%, 24% and to 30% is estimated at €0.6m, €1.1m and €1.8m respectively in a full year.

As regards the difference between placing the 3% on each bet and on winnings, Revenue has no basis on which to estimate the yield or cost of this change.

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

176. To ask the Minister for Finance the estimated revenue that would be generated through increasing the tax on cigarettes by €0.10, €0.20 and €0.50 per packet, respectively, with a prorate increase on other tobacco products; and the estimated impact on the net fiscal space for 2019. [21203/18]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am advised by Revenue that a Ready Reckoner is available on the Revenue Statistics webpage at www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx.This Ready Reckoner shows a wide range of detailed information, including estimates for the yield from changes in duties on tobacco (page 22). These estimates assume pro-rata increases in other tobacco products.

Comments

No comments

Log in or join to post a public comment.