Written answers
Wednesday, 18 January 2023
Department of Finance
Tax Yield
Pearse Doherty (Donegal, Sinn Fein)
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383. To ask the Minister for Finance the estimated revenue to be raised in 2023 from legislated increases in the carbon tax in May 2023 and October 2023 respectively. [2345/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated revenue to be raised in 2023 from legislated increases in the carbon tax in May 2023 and October 2023 respectively is estimated at €138.4m for 2023, comprised of €125m in carbon tax and €13.4m in VAT. This estimate is based on the most recent full year data and does not account for any future behavioural changes.
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