Dáil Éireann Debate, Tuesday - 23 October 2012
195. Deputy Kevin Humphreys asked the Minister for Finance what would the expected full year yield in 2013 be from a 10 cent, 20 cent, 25 cent and 30 cent increase including VAT respectively on excise on tobacco; what would the expected yield be from increasing the excise including VAT on roll your own tobacco to the same level as cigarettes; and if he will make a statement on the matter. [46458/12]
View answerI am informed by the Revenue Commissioners that, based on data currently available, the estimated yields in 2013 from an increase in excise (VAT inclusive) on the products referred to are as follows.
Excise on tobacco
|
Increase in price (including VAT) |
Expected Full Year Yield |
|
10c |
€16.5m |
|
20c |
€32.9m |
|
25c |
€41.0m |
|
30c |
€49.2m |
The expected yield from increasing the excise (including VAT) on Roll Your Own tobacco to the same level as cigarettes would be in the range of €120-€140m for a full year.
