Tax Yield

Dáil Éireann Debate, Tuesday - 23 January 2024

Tuesday, 23 January 2024

Questions (208)

Pearse Doherty

Question:

208. Deputy Pearse Doherty asked the Minister for Finance if, given the fact that revenue raised by the increase in the carbon tax in 2024, estimated at €117 million and €152 million in first and full-year terms respectively (provided in page 4 of the Budget 2024 document ‘Tax Policy Changes’), revenue raised by legislated increases in the carbon tax is not provided within the revenue base for subsequent years (2025, 2026, etc.); and if he will make a statement on the matter. [2539/24]

Written answers

Minister for Finance

As the Deputy will be aware the Budget 2024 publication Summary of 2024 Budget Measures- Policy Changes (available on www.budget.gov.ie) includes an estimated full year yield of €152 million in respect of the carbon tax rate increase from €48.50 to €56.00. The Budget 2024 publication Economic and Fiscal Outlook (also available on www.budget.gov.ie) includes projections which incorporate estimated yields in respect of future increases in the carbon tax . As the Deputy will appreciate, these estimates are point in time estimates and will be subject to revision, based on the latest available information, during the budgetary process.