Dáil Éireann Debate, Wednesday - 20 September 2023
151. Deputy Pearse Doherty asked the Minister for Finance the estimated cost of not proceeding with the legislated increase in carbon tax to take effect in October 2023, for 2023 and 2024, respectively, VAT inclusive. [39615/23]
View answerI am advised by Revenue that the estimated cost of not proceeding with the legislated increase in carbon tax, scheduled to take effect in October 2023, for 2023 and 2024, is shown in the following table.
|
Year |
Excise €m |
VAT €m |
Total €m |
|
2023 |
11.8 |
1.2 |
13.0 |
|
2024 |
85.6 |
8.7 |
94.3 |
This estimate is based on the most recently available data and does not account for any future behavioural changes.
