Dáil Éireann Debate, Tuesday - 27 July 2021
371. Deputy Ged Nash asked the Minister for Finance the estimated savings to the Exchequer from eliminating excise forgone on auto-diesel, marked gas oil, kerosene and fuel oil based on the latest available data in tabular form; the estimated savings to the Exchequer from ending the diesel rebate scheme and excise forgone on commercial sea navigation; and if he will make a statement on the matter. [39935/21]
View answerIt is assumed that the Deputy is referring to setting the level of Excise for auto-diesel, marked gas oil, kerosene, and fuel oil as being equal to that for Petrol.
I am advised by Revenue that the estimated savings to the Exchequer from eliminating Excise forgone on auto-diesel, marked gas oil, kerosene, and fuel oil are shown in the table below.
Also included in the table are the savings from ending the Diesel Rebate Scheme (DRS), and the relief for Commercial Sea Navigation.
The estimates are based on 2020 data.
|
- |
2020 |
|
€m |
|
|
Excise forgone: Excise rate on Auto-diesel |
366.1 |
|
Excise forgone: Excise rate on Marked Gas Oil |
488.3 |
|
Excise forgone: Excise rate on Kerosene |
680.9 |
|
Excise forgone: Excise rate on Fuel Oil |
24.9 |
|
Diesel Rebate Scheme |
8.2 |
|
Commercial Sea Navigation |
14.1 |
