Dáil Éireann Debate, Tuesday - 21 February 2023
219. Deputy Mattie McGrath asked the Minister for Finance if he will provide a breakdown of the total taxation income derived from the carbon tax in each of the years 2019 to 2022, together with the anticipated income for 2023; and if he will make a statement on the matter. [8215/23]
Amharc ar fhreagra220. Deputy Mattie McGrath asked the Minister for Finance if he will provide a detailed breakdown of all taxation and levy income collected from all energy products in 2021 and 2022, broken down per energy type and taxation measure, in tabular form; and if he will make a statement on the matter. [8216/23]
Amharc ar fhreagraI propose to take Questions Nos. 219 and 220 together.
I am advised by Revenue that a breakdown of carbon tax and non-carbon components of the excise duties charged on each type of fuel and energy product, as collected in 2021 and previous years is published on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/excise/receipts-volume-and-price/excise-receipts-commodity.aspx.
The provisional receipts for 2022 for the carbon tax component is €790.3m. A breakdown of these receipts is shown in the tables below.
|
Fuel Type |
Non-Carbon Component €m2022 (provisional) |
Carbon Component €m2022 (provisional) |
|
Petrol |
383.0 |
85.8 |
|
Diesel |
1,153.1 |
376.5 |
|
Kerosene |
- |
85.3 |
|
MGO |
14.1 |
100.9 |
|
Fuel Oil |
0.5 |
2.4 |
|
Other LPG |
- |
19.0 |
|
Auto LPG |
0.2 |
0.1 |
|
Electricity Tax |
3.5 |
|
|
Solid Fuel Carbon Tax |
25.8 |
|
|
Natural Gas Carbon Tax |
94.5 |
It is estimated that the yield from these duties in 2023 will be in the region of €910m. This is a tentative estimate and does not account for any behavioural change.
In relation to VAT, I am further advised by Revenue that traders are not required to identify the VAT yield generated from the supply of specific goods and services on their VAT returns. Therefore, it is not possible to provide the VAT yield on all fuel and energy related products and services using taxpayer information alone. However, using Revenue and third-party data sources, a tentative estimate of the VAT generated over each of the past two years is provided in the table below.
|
VAT on FuelEnergy Product |
2021 €m |
2022 €m |
|
Electricity |
203.1 |
285.8 |
|
Gas |
41.0 |
65.8 |
|
LPG (home) |
13.1 |
14.8 |
|
Home Heating Oil |
28.3 |
49.7 |
|
Marked Gas Oil |
50.3 |
71.5 |
|
Auto LPG |
0.3 |
0.5 |
|
Kerosene |
86.5 |
126.9 |
|
Petrol |
235.4 |
322.9 |
|
Diesel |
324.0 |
407.4 |
|
Solid Fuel |
47.2 |
61.0 |
|
Total |
1029.20 |
1406.3 |
A tentative estimate of the VAT generated for 2021, 2022 and the estimated yield in 2023 on the Carbon tax component is €57m, €68m and €81m respectively. The 2023 estimate assumes that the VAT rate on gas will revert from the second reduced rate to the reduced rate on 1 March 2023.
