Dáil Éireann Debate, Wednesday - 10 March 2010
156 Deputy Bernard J. Durkan asked the Minister for Finance the degree to which tax receipts, including excise duty from the motor industry, under the various headings have fluctuated over the past five years to date in 2010; and if he will make a statement on the matter. [11878/10]
Amharc ar fhreagraOver the last two years tax receipts have been severely impacted by the sharp deterioration in the economic environment. The following table sets out the trend in tax receipts over the last five years and the 2010 forecast for tax revenue:
|
2005 |
2006 |
2007 |
2008 |
2009 |
2010 Budget forecast |
|
|
Total Exchequer Tax Receipts €m |
39,254 |
45,539 |
47,249 |
40,777 |
33,043 |
31,050 |
|
Year-on-Year change |
10% |
16% |
4% |
-14% |
-19% |
-6% |
The above totals include receipts from Excise Duty — details of which are set out in the following table:
|
2005 |
2006 |
2007 |
2008 |
2009 |
2010 Budget forecast |
|
|
Excise Duty €m |
5,233 |
5,589 |
5,838 |
5,443 |
4,703 |
4,514 |
|
Year-on-Year change |
6% |
7% |
4% |
-7% |
-14% |
-4% |
|
This includes: |
||||||
|
VRT €m |
1,149 |
1,287 |
1,406 |
1,121 |
375 |
365 |
|
Year-on-Year change |
21% |
12% |
9% |
-20% |
-66% |
-3% |
Excise Duties are payable on a wide range of products, as well as certain premises and activities. These include (but are not limited to) charges arising on products such as mineral oils, alcoholic beverages and manufactured tobacco. In addition, Excise Duty includes receipts from the air travel tax, the carbon tax and from betting and licenses for retailing of liquor. Receipts from Vehicles Registration Tax (VRT) are also a component of Excise Duty.
The Revenue Commissioners have provided details of VRT receipts for the period 2005 to 2009 and these figures are also set out in the above table. The figures provided are on a Revenue Net Receipts basis, which differ from Exchequer receipts due to timing and accounting issues. The forecast for 2010 is also included. VRT represented 22% of overall Excise Duty receipts in 2005 and this had fallen to 8% of total Excise Duties by 2009. The decline in VRT receipts is due to both a reduction in activity and price as well as changes in the tax policy regarding vehicle emission levels.
At end-February 2010, €4,736 million in total tax receipts were collected against a target of €4,800 million. This included Excise Duty receipts of €566 million, against a target of €604 million. VRT receipts to end-February amounted to €93 million. In addition, the Department of the Environment, Heritage and Local Government have provided the following data on motor tax receipts from 2005-2009 and their estimate for 2010.
|
2005 |
2006 |
2007 |
2008 |
2009 |
2010 forecast |
|
|
Motor Tax Receipts €m |
800 |
878 |
957 |
1,059 |
1,057 |
1,025 |
|
Year-on-Year |
7% |
10% |
9% |
11% |
-0.2% |
-3% |
