Brian Hayes
Question:137 Deputy Brian Hayes asked the Minister for Finance the amount the Exchequer has received from overseas tourism each year since 2000 and to date in 2010; and if he will make a statement on the matter. [41768/10]
View answerWednesday, 10 November 2010
Questions (102, 103)
Written answers
I am informed by the Department of Tourism, Culture & Sport that over the eight year period from 2000 to 2007 the contribution to the exchequer was estimated at €16.2 billion. Based on Fáilte Ireland's economic model, the estimated contribution for 2008 and 2009 was €2 billion. The total identified contribution to the Exchequer over the ten year period is €18.2 billion.
The table below outlines the value of overseas tourism's contribution to the exchequer over the past ten years. It is too early at this stage to provide figures for this current year 2010.
|
Year |
Foreign Exchange Earnings |
Exchequer Savings |
|
€m |
€m |
|
|
2000 |
3,637 |
1,700 |
|
2001 |
3.935 |
1,900 |
|
2002 |
3,989 |
1,900 |
|
2003 |
4,057 |
2,000 |
|
2004 |
4,065 |
2,000 |
|
2005 |
4,272 |
2,100 |
|
2006 |
4,692 |
2,270 |
|
2007 |
4,902 |
2,370 |
|
2008 |
4,781 |
1,100 |
|
2009 |
3,879 |
600 |
Source: Central Statistics Office/Fáilte Ireland.
Note: A new model for measuring the economic contribution of tourism was developed in 2008 and as such the results shown above for 2008 and 2009 are NOT comparable to the earlier results for the period 2000-2007, inclusive. The earlier estimates were based on a static model that was updated in 2002. The new model is designed to provide updated data on an annual basis reflecting the current taxation environment and in line with today's best practice, no longer includes a government interacting component. It is not possible to apply the new model to the earlier years data retrospectively.
|
Year |
€m |
|
|
2000-2007 |
16,240 |
|
|
2008-2009 |
2,000 |
|
|
Total: |
2000-2009 |
18,240 |
Brian Hayes
Question:138 Deputy Brian Hayes asked the Minister for Finance the yield from the 13.5% VAT rate to date in 2010; the yield from the 21% VAT rate to date in 2010; the equivalent figures for the same period in 2009; the figures for each of these yields for the full year in 2009; and if he will make a statement on the matter. [41769/10]
View answerI am informed by the Revenue Commissioners that the estimated breakdown of the net yield of VAT at the reduced and standard rate to date in 2010, for the same period in 2009 and for the full year in 2009 is set out in the following table.
|
Reduced Rate |
Standard Rate |
Total |
|
|
€m |
€m |
€m |
|
|
2010 To end October |
2,953 |
5,483 |
8,436 |
|
2009 To end October |
3,124 |
5,801 |
8,925 |
|
2009 Full Year |
3,690 |
6,948 |
10,638 |
Precise figures of the breakdown of VAT receipts by tax rate are not available and consequently the figures provided are tentative estimates.