asked the Minister for Finance the amount of tax which was paid to the State for interest on investments in excess of the minimum excluded interest level by investors on deposits in the commercial banking institutes in each of the years 1980 to 1985 inclusive and if these figures can be broken down and related to tax on excess interest in each of the commercial banking institutes.
Written Answers. - Tax Yields.
163.
Statistics are not available which would enable the precise information requested by the Deputy to be given. Using income distribution statistics for the year 1983-84, which is the latest available basic data, it is tentatively estimated that the income tax yield attributable to income arising from sources within the State which was assessed under case III of schedule D (section 53 (1), Income Tax Act, 1967), for that year was about £56 million. The corresponding figures for 1980-81, 1981-82 and 1982-83 are £25 million, £36 million and £45 million respectively. A breakdown of these figures to relate them to interest arising from individual financial institutions could not be obtained without undertaking an inquiry which could be carried out only at a disproportionate cost.
164.
asked the Minister for Finance the quantities of petrol, diesel and domestic fuel oil which were sold in the country in each of the years 1980 to 1985 inclusive; the amount of tax revenue accrued in each of those years; and the percentage tax levied on these commodities in each of these years.
The following tables set out the information requested by the Deputy in so far as it is available. I am informed by the Revenue Commissioners that separate statistics of clearances of domestic fuel oil are not maintained. The quantities of petrol and diesel shown represent the quantity on which duty was paid in the years in question.
Petrol
|
Year |
Quantities cleared for home consumption (million litres) |
Total revenue (Est.)£m |
Percentage of the retail price of a gallon of petrol represented by the total tax content as on 1 January each year |
|
1980 |
1,362.4 |
216.4 |
44.7 |
|
1981 |
1,371.5 |
289.6 |
48.4 |
|
1982 |
1,321.7 |
331.1 |
47.9 |
|
1983 |
1,232.4 |
395.0 |
49.8 |
|
1984 |
1,192.6 |
410.1 |
55.4 |
|
1985 |
1,149.4 |
417.5 |
55.8 |
|
(Provisional) |
(Provisional) |
The total revenue figures comprise actual receipts of excise duty and estimates of VAT receipts from petrol.
Auto-Diesel
|
Year |
Quantities cleared for home consumption (million litres) |
Total revenue (Est.)£m |
Percentage of the retail price of a gallon of auto-diesel represented by the total tax content as on 1 January of each year |
|
1980 |
421.1 |
30.0 |
27.7 |
|
1981 |
428.4 |
45.1 |
37.5 |
|
1982 |
432.2 |
53.8 |
41.9 |
|
1983 |
445.7 |
70.0 |
45.5 |
|
1984 |
473.7 |
79.7 |
48.8 |
|
1985 |
515.3 |
95.8 |
48.7 |
|
(Provisional) |
(Provisional) |
The total revenue figures comprise actual receipts of excise duty and estimates of VAT receipts from auto-diesel.
165.
asked the Minister for Finance the amount of tax revenue which accrued from sales of beer, spirits and wines in each of the years 1980 to 1985 inclusive and the percentage tax levied on each of these commodities in each of these years.
The following tables set out the information requested by the Deputy in so far as it is available. Owing to the very wide range of prices it is not possible to give a representative figure for the percentage of retail price represented by the total tax content of a bottle of wine.
Beer
|
Year |
Total revenue(1)£m |
Percentage of the retail price (2) of a pint of beer represented by the total tax content as on 1 January each year |
|
1980 |
183.9 |
41.8 |
|
1981 |
236.6 |
44.3 |
|
1982 |
313.8 |
48.2 |
|
1983 |
344.1 |
48.6 |
|
1984 |
365.4 |
49.7 |
|
1985 |
383.1 |
49.5 |
|
(Provisional) |
Spirits
|
Year |
Total revenue(1)£m |
Percentage of the retail price (3) of a glass of spirits represented by the total tax content as on 1 January each year |
|
1980 |
138.7 |
46.1 |
|
1981 |
165.0 |
50.3 |
|
1982 |
178.9 |
52.3 |
|
1983 |
170.0 |
51.4 |
|
1984 |
178.1 |
51.6 |
|
1985 |
189.3 |
46.1 |
|
(Provisional) |
Wine (including Made Wine)
|
Year |
Total revenue (1) £m |
|
1980 |
18.1 |
|
1981 |
24.8 |
|
1982 |
31.4 |
|
1983 |
34.1 |
|
1984 |
38.3 |
|
1985 |
40.6 |
|
(Provisional) |
Notes to the Tables
(1) The total revenue figures comprise actual receipts of excise duty and estimates of VAT receipts from the commodities in the years in question.
(2) This relates to the Dublin bar price of a pint of stout.
(3) This relates to the Dublin bar price of a glass of whiskey.
166.
asked the Minister for Finance the amount of revenue which accrued to the Exchequer from sales of new motor vehicles sold in this country each year 1980 to 1985 inclusive and the percentage tax which was charged on each vehicle in each year.
The information requested is in the following tables:
Estimated Total Revenue Receipts from Motor Vehicles and Registrations of new Motor Vehicles.
|
Year |
£m |
Registrations |
|
1980 |
143.4 |
103,590 |
|
1981 |
195.1 |
116,367 |
|
1982 |
191.8 |
83,493 |
|
1983 |
190.2 |
72,602 |
|
1984 |
203.7 |
69,106 |
|
1985 |
246.2 |
74,283 |
Note
These total revenue figures comprise actual receipts of excise duty from motor vehicles and estimates of VAT receipts on private cars and motor-cycles. Reliable information on which to base an estimate of VAT receipts on commercial vehicles is not available. VAT on commercial motor vehicles is deductible by the majority of purchasers in their VAT returns and the net VAT receipts from such vehicles are therefore likely to be comparatively small.
There are no figures available for the numbers of vehicles actually sold in each year. The figures for registrations of new motor vehicles which are set out are probably a reasonable approximation.
Motor Vehicles
Excise duty and VAT rates as on 1 January each Year, 1980-85
|
Excise Duty |
VAT (all vehicles) |
|||
|
Category A |
||||
|
Not exceeding 16 h.p. |
Exceeding 16 h.p. |
Category B |
||
|
% |
% |
% |
% |
|
|
1980 |
35 |
35 |
11.5 |
10 |
|
1981 |
40 |
40 |
11.5 |
10 |
|
1982 |
50 |
50 |
11.5 |
15 |
|
1983 |
50 |
60 |
11.5 |
18 |
|
1984 |
54.5 |
64.5 |
11.5 |
23 |
|
1985 |
23 |
26 |
6.5 |
23 |
Notes
Category A motor vehicles consist mainly of motor cars and minibuses. The term "Category B" generally covers all other motor vehicles. Prior to 1 January 1985 the chargeable value of a vehicle for excise duty purposes was the price (exclusive of excise duty and VAT) which the vehicles would fetch on a first arm's length sale to a dealer. From 1 January 1985 the basis on which excise duty on motor vehicles is charged was changed from price to dealer to retail price.
The rate of excise duty shown in the first column applied also to motor cycles, but the 50 per cent rate remained applicable to those vehicles until 31 December 1984. Since 1 January 1985 allowance is made in charging the excise duties on imported secondhand motor vehicles, including motor cycles, for the age of the vehicles in accordance with fixed depreciation scales.