Dáil Éireann Debate, Wednesday - 23 June 2004
100 Mr. Durkan asked the Minister for Finance the extent to which VRT and other motor taxation receipts for the first six months of 2004 are in line with projections; and if he will make a statement on the matter. [18878/04]
View answerI am informed by the Revenue Commissioners that the latest relevant information available is in relation to the receipts of VRT and excise duty on petrol and auto diesel for the five months ended 31 May 2004. The target of expected receipts and provisional receipts to the end of May are in the following table:
|
Estimates to end May |
Provisional receipts to end May |
Variance €m% |
|
|
% |
|||
|
VRT |
506.0 |
551.6 |
45.69.0 |
|
Petrol |
405.8 |
424.9 |
19.14.7 |
|
Auto Diesel |
427.0 |
436.7 |
9.72.3 |
The yield from VAT on cars, petrol, auto diesel and other goods and services relating to motoring is not separately identified in the target outlined for VAT in the profile of expected Exchequer tax receipts in 2004 published by my Department at end-January. The information furnished with VAT payments made during the year does not require the yield from a particular sector or sub-sector of trade to be identified. The information requested is, therefore, not available.
Motor tax receipts are paid into the local government fund as opposed to the Exchequer. Motor tax receipts to end of May 2004 are €337.6 million. This arises as a result of a motor tax rate increase of 5% from the start of the year and underlying buoyancy of approximately 3.8%.
