Dáil Éireann Debate, Thursday - 25 May 2017
93. Deputy Michael McGrath asked the Minister for Finance the amount of extra excise duties received in 2016 and to date in 2017 on cigarettes as a result of the increase of 50 cent in excise announced in budget 2017; the amount he expects to take in for 2017; and if he will make a statement on the matter. [25213/17]
View answerThe Excise Duty on a packet of 20 cigarettes was increased by 50 cents (including VAT) with effect from midnight on 11 October 2016. I am informed by Revenue that the additional Excise and VAT received since 11 October 2016 to end April 2017 is €20.1m. This calculation is based on provisional tobacco clearances and may be subject to revision.
The forecast yield in 2017 from the increase announced in Budget 2017 is €65m.
