Dáil Éireann Debate, Tuesday - 27 June 2023
204. Deputy Brian Stanley asked the Minister for Finance the projected revenue raised in first-year 2024 and full-year terms from the scheduled increase in carbon tax on 1 May 2024 and 9 October 2024, respectively and combined. [30794/23]
View answerI am advised by Revenue that the anticipated revenues to be raised in first-year (2024) and in a full-year from the legislated increases in the carbon tax in May 2024 and October 2024 are estimated as follows.
|
Estimate |
Carbon €m |
VAT €m |
Total €m |
|
First Year |
43.0 |
3.8 |
46.8 |
|
Full Year |
151.1 |
15.1 |
166.2 |
These estimates are based on the most recent full year data available and do not account for any future behavioural changes.
