Wednesday, 10 July 2013

Questions (96)

Stephen Donnelly

Question:

96. Deputy Stephen S. Donnelly asked the Minister for Finance if he will provide a breakdown, in tabular form, of the revenue raised for 2013 and the revenue expected to be raised for 2014 from each taxable asset liable for Stamp Duty; and if he will make a statement on the matter. [33873/13]

View answer

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.

€m

2013

2014

Other

530

575

Health Insurance Levy

170

0

Pension Levy

480

480

Total

1180

1050

Note: Figures may not exactly sum due to rounding