Dáil Éireann Debate, Thursday - 20 October 2016
82. Deputy Róisín Shortall asked the Minister for Finance if he will provide an analysis of the expected yield of excise duty for 2017 by sub-group, that is, VRT, tobacco, alcohol and so on; the percentage increase over the expected 2016 outcome; and if he will publish the underlying assumptions used in calculating the figures published in table 9, page c.24 of the economic and fiscal outlook published on budget day. [31255/16]
View answerI am informed by Revenue that the expected yield from Excise duty in 2017, by sub group, is provided in the following table. These values are based on the Excise forecast as contained in Budget 2017.
|
Sub group |
Expected Yield 2017 (€m) |
Percentage increase over the expected 2016 outcome (%) |
|
VRT |
810 |
2% |
|
Tobacco |
1,044 |
6% |
|
Alcohol |
1,246 |
5% |
|
Mineral Oil Tax + Carbon |
2,810 |
7% |
|
Other Excise |
75 |
2% |
The allocation of Excise duties across the different subgroups may be subject to revision. As a significant proportion of receipts are yet to be collected in 2016, the allocation of the Excise forecast across the subgroups for next year may require revision.
The aggregated excise forecast is prepared using a number of macro-economic drivers which are applied to the excise revenue base to assist in projecting excise receipts.
