Wednesday, 10 July 2013

Questions (95)

Stephen Donnelly

Question:

95. Deputy Stephen S. Donnelly asked the Minister for Finance the total revenue raised for the Exchequer through Stamp Duty for 2013 and the revenue expected to be raised through 2014; and if he will make a statement on the matter. [33872/13]

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Written answers (Question to Finance)

The most recently published fiscal forecast was contained in the SPU in April. The stamp duty estimate underpinning the 2013 forecast was €1,180m. If there was no change to stamp duty rates, estimated stamp duty yield in 2014, consistent with the SPU, would be €1,050m. The Deputy should be aware that €170m of the 2013 forecast relates to the Health Insurance Levy payable in January 2013 in respect of health insurance policies issued in the last five months of 2012. The substantial fall in 2014 is accounted for by the fact that from May 2013 the Health Insurance Levy no longer accrues to the Exchequer but is paid into the Risk Equalisation Fund. It should be pointed out that these figures may be comprehensively revised in the context of the White Paper and Budget 2014 as emerging fiscal and economic data are taken on board.