Written answers
Tuesday, 3 October 2023
Department of Finance
Tax Code
Catherine Murphy (Kildare North, Social Democrats)
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242. To ask the Minister for Finance the estimated cost in 2024 if the stamp duty on ATM-only cards and debit cards were scrapped. [42392/23]
Michael McGrath (Cork South Central, Fianna Fail)
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The latest available Revenue Ready Reckoner, which is available on their website at "Revenue Ready Reckoner – Pre Budget 2024", indicates on page 21 that the full year cost of abolishing duty on cash cards (includes ATM cards, debit cards and combined ATM/debit cards) would be €8 million.
Catherine Murphy (Kildare North, Social Democrats)
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243. To ask the Minister for Finance the estimated cost of reducing the level of excise applied to home heating oil from €122.83 to €69 from 16 October 2023 to 1 March 2024. [42393/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated cost of reducing the level of excise applied to home heating oil from €122.83 to €69 from 16 October 2023 to 1 March 2024 is €29.8 million, comprising Mineral Oil Tax (MOT) of €26.3 million and VAT of €3.5 million.
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