Tuesday, 23 July 2019

Questions (194)

Thomas P. Broughan

Question:

194. Deputy Thomas P. Broughan asked the Minister for Finance the projections on additional tax yield if excise duties on petrol and diesel were equalised in budget 2020, by budget 2021, 2022 and 2023 in 2020 or in stages from 2020 to 2023; and if he will make a statement on the matter. [32924/19]

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Written answers (Question to Finance)

The Tax Strategy Group (TSG) paper on Climate Action and Tax sets out a 5 year pathway to achieving equalisation between Excise rates for petrol and diesel, as well as the additional yield from straightforward increases in Excise rates on diesel and petrol. The estimated yield by year is shown in Section 1.5.3 of the paper at https://assets.gov.ie/19116/c447474fea5e422080a6384b7a84fbed.pdf.