Wednesday, 13 May 2020

Questions (83)

Bernard Durkan

Question:

83. Deputy Bernard J. Durkan asked the Minister for Finance the estimated revenue generated to date through the increase in carbon tax in Budget 2020 for each of the next five years; and if he will make a statement on the matter. [4931/20]

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Written answers (Question to Finance)

I am advised by Revenue that the estimated additional receipts from the Budget 2020 increase of €6 per tonne in Carbon Tax are shown in the following table. These estimates are based on normal consumption levels and no allowance has been made for any change in consumption in future years.

Year

€m

2020

+93

2021

+130

2022

+130

2023

+130

2024

+130

I am further advised by Revenue that, in the first four months of 2020, provisional Carbon Tax receipts are approximately €183 million, which is some €34 million ahead of the same period in 2019, though €1.2 million behind forecast for 2020.

Question No. 84 answered with Question No. 59.