Dáil Éireann Debate, Wednesday - 13 July 2022
136. Deputy Ged Nash asked the Minister for Finance the projected yield from every €1 per tonne increase in the carbon tax; the estimated yield if there were a €10 increase in 2023; and if he will make a statement on the matter. [38636/22]
View answer176. Deputy Ged Nash asked the Minister for Finance the savings to Exchequer from eliminating excise forgone on auto-diesel, marked gas oil, kerosene and fuel oil based on the latest available data; the savings to Exchequer from ending the diesel rebate scheme and excise forgone on commercial sea navigation in tabular form; and if he will make a statement on the matter. [38688/22]
View answerI propose to take Questions Nos. 136 and 176 together.
I am advised that the Revenue Ready Reckoner shows the estimated yield from changes to carbon tax on page 23, including the yield from a €1 per tonne increase. The Ready Reckoner is available at:
www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf
The estimated yield from increases by other amounts can be extrapolated from the information in the table.
It 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 from eliminating excise forgone on auto-diesel, marked gas oil, kerosene and fuel oil are shown in the table following. The estimated savings from ending the diesel rebate scheme (DRS) and eliminating excise forgone for commercial sea navigation are also shown.
These estimates are based on 2021 data.
|
- |
€m |
|
Excise forgone: Auto-diesel |
390 |
|
Excise forgone: Marked Gas Oil |
522 |
|
Excise forgone: Kerosene |
599.6 |
|
Excise forgone: Fuel Oil |
20.9 |
|
Ending of the Diesel Rebate Scheme |
30 |
|
Excise forgone: Commercial Sea Navigation |
17 |
