Dáil Éireann Debate, Thursday - 3 May 2012
80 Deputy Michael McGrath asked the Minister for Finance the revenue that will be raised by the carbon levy in respect of each product on which it is applied; and if he will make a statement on the matter. [22518/12]
View answerI am informed by the Revenue Commissioners that the forecast for Carbon Tax 2012 and estimated VAT in respect of each category is as follows:
|
2012 |
Carbon Tax |
Estimated VAT |
|
€m |
€m |
|
|
Auto Diesel |
130.63 |
3.00 |
|
Petrol |
79.07 |
18.19 |
|
Aviation Gasoline |
0.04 |
0.01 |
|
Fuel Oil |
2.76 |
0.00 |
|
MGO |
54.86 |
7.41 |
|
Kerosene |
44.41 |
6.00 |
|
Auto LPG |
0.20 |
0.05 |
|
LPG (Other) |
3.94 |
0.53 |
|
Natural Gas |
54.80 |
4.44 |
|
Total |
370.70 |
39.62 |
The Carbon Tax figures shown are a breakdown of the Carbon Tax forecast for 2012. However, the VAT figures are estimates based on the expected Carbon receipts in each category. Please note that the VAT receipts are estimated, as the VAT returns do not require the yield from a particular sector or sub-sector of trade to be identified and the actual VAT yield for each category cannot therefore be determined.
