Written answers
Wednesday, 13 December 2023
Department of Finance
Tax Yield
Peadar Tóibín (Meath West, Aontú)
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63. To ask the Minister for Finance the amount of tax received on all fuel and energy in the past five years. [55537/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the relevant excise duty rates on fuel and electricity are published on the Revenue website at: www.revenue.ie/en/tax-professionals/tdm/excise/excise-duty-rates/energy-excise-duty-rates.pdf
I am also advised by Revenue that a breakdown of excise receipts for 2022 and prior years is available on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statistics/excise/receipts-volume-and-price/excise-receipts-commodity.aspx.
In relation to VAT, I am further advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide the VAT yield on all fuel and energy related products and services using taxpayer information alone. However, using Revenue and third-party data sources, a tentative estimate of the VAT generated on fuel and energy products can be provided.
The total excise receipts for Mineral Oil Tax (MOT), Solid Fuel Carbon Tax (SFCT), Natural Gas Carbon Tax (NGCT) and Electricity Tax (ET), and an estimate of VAT receipts in respect of fuel and energy for the past five years and the year to date is provided in the table below.
Year | MOT | SFCT | NGCT | ET | Estimated VAT | Total |
---|---|---|---|---|---|---|
€m | €m | €m | €m | €m | €m | |
2023* | 2,136.7 | 16.4 | 96.2 | 4.2 | 1,048 ** | 3,302 |
2022 | 2,220.9 | 25.9 | 94.5 | 3.5 | 1,426 | 3,771 |
2021 | 2,467.1 | 27.9 | 83.3 | 5.2 | 1,140 | 3,723 |
2020 | 2,219.7 | 23.8 | 65 | 2.1 | 925 | 3,235 |
2019 | 2,524.1 | 20.1 | 50.4 | 2.3 | 1,005 | 3,602 |
2018 | 2,518.9 | 25.3 | 50 | 2.5 | 1,079 | 3,675 |
** VAT 2023 is estimated to end of October 2023
Revisions Note: VAT estimates for 2022 and prior years amended due to revisions to third party data.
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