Thursday, 24 October 2013

Questions (77, 78)

Olivia Mitchell

Question:

77. Deputy Olivia Mitchell asked the Minister for Finance the total take from property tax in 2013; and if he will make a statement on the matter. [45513/13]

View answer

Olivia Mitchell

Question:

78. Deputy Olivia Mitchell asked the Minister for Finance the total anticipated tax take from property tax in 2014; and if he will make a statement on the matter. [45514/13]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 77 and 78 together.

My colleague may be aware that the estimated outturn for 2013 and the forecast yield for 2014 for all major tax heads were published in Budget 2014 and can be found in Table 8 on page C.15 of the Budget booklet (Local Property Tax is listed as “Local Taxes” in the table). For convenience, the table is replicated as follows.

Exchequer Tax Revenues 2013-2014

-

Estimated Outturn 2013 - €m

Budget Forecast 2014 - €m

Forecast Y-on-Y Change - %

Customs

250

255

+1.4

Excise Duty*

4,720

4,815

+2.0

Capital Gains Tax (CGT)

390

400

+3.2

Capital Acquisitions Tax (CAT)

405

380

-5.9

Stamp Duty

1,310

1,475

+12.6

Income Tax

15,730

17,045

+8.3

Corporation Tax

4,355

4,380

+0.6

VAT

10,365

10,740

+3.6

Local Taxes

300

550

+83.3

Total

37,825

40,040

+5.8