Written answers
Wednesday, 20 September 2023
Department of Finance
Tax Data
Pearse Doherty (Donegal, Sinn Fein)
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151. To ask the Minister for Finance the estimated cost of not proceeding with the legislated increase in carbon tax to take effect in October 2023, for 2023 and 2024, respectively, VAT inclusive. [39615/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated cost of not proceeding with the legislated increase in carbon tax, scheduled to take effect in October 2023, for 2023 and 2024, is shown in the following table.
Year | Excise €m | VAT €m | Total €m |
---|---|---|---|
2023 | 11.8 | 1.2 | 13.0 |
2024 | 85.6 | 8.7 | 94.3 |
This estimate is based on the most recently available data and does not account for any future behavioural changes.
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