Dáil Éireann Debate, Thursday - 30 July 2020
294. Deputy Darren O'Rourke asked the Minister for Finance the annual revenue raised from the carbon tax in each year from its introduction up to 2019, in tabular form; and if he will make a statement on the matter. [19613/20]
View answer295. Deputy Darren O'Rourke asked the Minister for Finance the estimated annual revenue that will be raised from the carbon tax in each year from 2020 to 2025; and if he will make a statement on the matter. [19614/20]
View answerI propose to take Questions Nos. 294 and 295 together.
I am advised by Revenue that the annual receipts raised from Carbon Tax in each year from 2010 to 2019 are published on the Revenue website at the following link:
https://www.revenue.ie/en/corporate/documents/statistics/excise/net-receipts-by-commodity.pdf.
Revenue has also advised me that forecasts for Carbon Tax receipts in each year from 2020 to 2025 are shown in the following table.
|
Year |
€m |
|
2020 |
500 |
|
2021 |
560 |
|
2022 |
560 |
|
2023 |
560 |
|
2024 |
560 |
|
2025 |
560 |
The forecast for 2020 is based on the expected receipts having regard to the fall in consumption due to COVID-19 restrictions and my Department’s macro-economic projections from the April 2020 Stability Programme Update. The forecasts for 2021 to 2025 are based on normal annual consumption levels.
