Written answers
Wednesday, 1 June 2022
Department of Finance
Tax Yield
Róisín Shortall (Dublin North West, Social Democrats)
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86. To ask the Minister for Finance the estimated revenue yield from an increase in excise on diesel of five cents per litre; the estimated cost of using the diesel rebate scheme to offset such an increase for commercial transport; and if he will make a statement on the matter. [28293/22]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the yield from a five cents per litre increase in excise on diesel is estimated at €180 million per annum, VAT inclusive. This estimate assumes no behavioural changes in response to this increase.
Based on volumes of diesel on which claims were received in 2021, the cost of using the Diesel Rebate Scheme to offset a five cents increase for qualifying commercial transport is estimated to be in the region of €18 million per annum.
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