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Tax Yield

Dáil Éireann Debate, Tuesday - 23 April 2013

Tuesday, 23 April 2013

Questions (242)

Sandra McLellan

Question:

242. Deputy Sandra McLellan asked the Minister for Finance the amount of money generated from VAT annually; if he will provide a breakdown of the way that the money is spent; and if he will make a statement on the matter. [18816/13]

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Written answers

The Department of Finance has a publicly available databank on its website with comprehensive tax data where information on annual yields can be found (http://databank.finance.gov.ie/). For information, the following table lists the annual amounts of VAT receipts received over the period 2009-2012.

2009

€million

2010

€million

2011

€million

2012*

€million

Value Added Tax

10,670

10,101

9,741

10,171

*2012 VAT receipts are unaudited figures and are subject to revision

Source: Department of Finance

Tax revenues are not generally assigned to particular areas of expenditure. Rather they are available, along with non-tax revenues, capital receipts as well as moneys sourced from borrowing to fund overall expenditure.

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