Dáil Éireann Debate, Thursday - 5 July 2018
94. Deputy Barry Cowen asked the Minister for Finance the tax revenue obtained from the sale of solid fuels in each of the past three years and to date in 2018; and if he will make a statement on the matter. [30010/18]
View answerI am advised by Revenue that Solid Fuel is subject to both Carbon Tax (SFCT) and VAT. SFCT is an excise duty that applies to coal and peat supplied in Ireland on or after 1 May 2013. Wood is not liable to the SFCT and wood products that have no solid fuel component are also not liable to SFCT. Solid fuels are liable to VAT at a rate of 13.5%.
The carbon tax collected from solid fuels in the years 2015 and 2016 is available on the Revenue's statistics website at: http://www.revenue.ie/en/corporate/documents/statistics/excise/net-receipts-by-commodity.pdf.
The carbon tax collected from solid fuels in 2017 was €19.1 million and the provisional amount collected for the first six months of 2018 is €16.2 million.
As traders are not required to separately identify the VAT yield generated from a particular activity or product type on their VAT returns, it is therefore not possible to separately identify the VAT received from the sale of solid fuels only.
