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Dáil Éireann debate -
Wednesday, 26 Jan 1994

Vol. 437 No. 6

Financial Resolutions, 1994. - Financial Resolution No. 3: Excise — Spirits.

I move Financial Resolution No. 3:

(1) THAT in this Resolution—

"alcohol" means pure ethyl alcohol;

"the Order of 1975" means the Imposition of Duties (No. 221) (Excise Duties) Order, 1975 (S.I. No. 307 of 1975).

(2) THAT the duty of excise on spirits imposed by paragraph 4 (2) of the Order of 1975 shall be charged, levied and paid, as on and from the 27th day of January, 1994, at the rate of £21.83 per litre of alcohol in the spirits in lieu of the rate specified in the said paragraph 4 (2) as amended by Regulation 18 (a) of the European Communities (Customs and Excise) Regulations, 1992 (S.I. No. 394 of 1992).

(3) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1927 (No. 7 of 1927).

This resolution provides for an excise duty increase on spirits from midnight tonight which, when VAT is added, amounts to 3p on the half glass of spirits. This represents an increase of 2.1 per cent less than inflation which is estimated at 2.5 per cent for 1994. This will leave the price of spirits at the same level as the off licence in Northern Ireland and in the UK. The yield from this increase in spirits will be £7.5 million in 1994 and in a full year £7.9 million. The CPI effect is estimated at 0.069 per cent.

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