(Limerick East) asked the Minister for Finance the cost in the 1988-89 tax year of reducing the excise duty on residual fuel oil used in the generation of electricity by (a) 2p per gallon and (b) 5p per gallon.
Written Answers. - Excise Duty.
34.
It is assumed that what the Deputy has in mind is the Exchequer cost of tax reductions on residual fuel oil equivalent to 2p and 5p per gallon (including VAT). On that basis, the estimated cost would be £1.5 million and £3.8 million, respectively, in 1988, assuming that the reductions had come into effect on 1 February 1988.
35.
(Limerick East) asked the Minister for Finance the cost in the tax year 1988-89 of reducing excise duty on diesel oil used otherwise in road vehicles by (a) 2p per gallon and (b) 5p per gallon.
It is assumed that what the Deputy has in mind is the Exchequer cost of tax reductions on diesel oil used otherwise than in road vehicles equivalent to 2p and 5p per gallon (including VAT). On that basis, the estimated cost would be £4.1 million and £10.2 million respectively, in 1988, assuming that the reductions had come into effect on 1 February 1988.
36.
(Limerick East) asked the Minister for Finance the cost in the tax year 1988-89 of reducing the excise duty on diesel oil used in motor vehicles by (a) 15p per gallon and (b) 10p per gallon.
It is assumed that what the Deputy has in mind is the Exchequer cost of tax reductions on diesel oil equivalent to 15p and 10p per gallon (including VAT). On that basis, the estimated cost would be £12.5 million and £8.3 million, respectively, in 1988, assuming that the reductions had come into effect on 1 February 1988.