Written answers

Tuesday, 23 May 2023

Photo of Róisín ShortallRóisín Shortall (Dublin North West, Social Democrats)
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227. To ask the Minister for Finance the expected revenue yield from an increase in excise on diesel of five cents per litre; the expected 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. [24113/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the Revenue Ready Reckoner can be used to estimate the effect of changes to the tax code, including, on page 22, the estimated full year cost or yield of potential changes to Mineral Oil Tax rates for Diesel. The Ready Reckoner is available at the following link:

www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf

Based on the volume of diesel for which rebate claims were received in recent years, the additional cost of using the Diesel Rebate Scheme to offset a 5 cent per litre increase for qualifying commercial transport is estimated to be in the region of €25 million.

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