Dáil Éireann Debate, Tuesday - 30 May 2017
154. Deputy Thomas P. Broughan asked the Minister for Finance the expected revenue that would be generated from the introduction of an aggregate levy of €2.50 per tonne on aggregates extracted from the ground such as rock, sand and gravel; and if he will make a statement on the matter. [25811/17]
Amharc ar fhreagraIt is inherently difficult to estimate the revenue the introduction of any new tax proposal would yield, however, the introduction of an aggregate levy was examined and presented in a paper to the Tax Strategy Group in 2015. This paper, TSG15/06 Energy and Environmental Taxes and Vehicle Registration Tax, is available my Departments website.
At that time is was estimated that a levy of €2.50 per tonne could yield €79m per annum. Should such a levy be introduced it would provide a financial incentive for increased recycling within the construction industry and which would reduce the potential revenue such a measure may yield.
