Eamon Ryan
Question:89. Deputy Eamon Ryan asked the Minister for Finance the estimated amount an increase in carbon tax from €20 per tonne to €40 per tonne would raise. [32170/18]
View answerThursday, 12 July 2018
Questions (89, 91)
Eamon Ryan
Question:91. Deputy Eamon Ryan asked the Minister for Finance the amount that would be raised by increasing diesel prices to the same level as petrol. [32172/18]
View answerWritten answers
I propose to take Questions Nos. 89 and 91 together.
Regarding Question 32170/18, I am advised by Revenue that an increase in carbon tax from €20 per tonne to €40 per tonne is estimated to yield €424 million per annum (including both additional Carbon & VAT) on a straight line basis.
Regarding Question 32172/18, it is assumed that the Deputy is referring to equalising the Excise rates applied on diesel to those applied on petrol. I am advised by Revenue that, based on consumption estimates for 2018, the amount raised by such a measure is estimated at €353 million per annum (including both additional Excise & VAT).