Dáil Éireann Debate, Tuesday - 23 May 2023
227. Deputy Róisín Shortall asked the Minister for Finance the expected revenue yield from an increase in excise on diesel of five cents per litre; the expected cost of using the diesel rebate scheme to offset such an increase for commercial transport; and if he will make a statement on the matter. [24113/23]
View answerI am advised by Revenue that the Revenue Ready Reckoner can be used to estimate the effect of changes to the tax code, including, on page 22, the estimated full year cost or yield of potential changes to Mineral Oil Tax rates for Diesel. The Ready Reckoner is available at the following link:
www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf
Based on the volume of diesel for which rebate claims were received in recent years, the additional cost of using the Diesel Rebate Scheme to offset a 5 cent per litre increase for qualifying commercial transport is estimated to be in the region of €25 million.
