Dáil Éireann Debate, Thursday - 15 January 2015
65. Deputy Brendan Griffin asked the Minister for Finance if the level of revenue generated from oil, diesel and petrol in 2014 was lower than anticipated arising from the reduction in fuel prices towards the end of 2014, the predicted impact on revenue for 2015; and if he will make a statement on the matter. [1991/15]
Amharc ar fhreagraI am informed by the Revenue Commissioners that there was no fall in Excise receipts in 2014 due to lower fuel prices. It should be noted that Excise is a fixed rate regardless of price. I am also informed that the details on payments of VAT are not recorded in such a manner as would provide a basis for compiling the information sought by the Deputy.
The following table is a summary of provisional Excise receipts for 2014 and the original forecast for 2014. Overall the receipts are up €113m.
|
- |
2014 |
2014 |
- |
- |
|
- |
Forecast |
Provisional |
Change |
% |
|
Excise - Light Oils (mainly petrol) |
780.7 |
801.1 |
20.4 |
2.6% |
|
Excise - Other Oils (mainly auto-diesel) |
1,127.4 |
1,223.8 |
96.4 |
8.6% |
|
Carbon Tax (Oils) |
319.2 |
315.3 |
-3.8 |
-1.2% |
|
Total |
2,227.3 |
2,340.3 |
13.0 |
5.1% |
