Tax Yield

Thursday, 24 October 2024

Questions (139)

Colm Brophy

Question:

139. Deputy Colm Brophy asked the Minister for Finance the revenue generated by increasing the excise duty on cigarettes by 50c each year from 2026 to 2030. [43746/24]

View answer

Written answers

I am advised by Revenue that the estimated yield from increasing the rate of excise duty on cigarettes by 50c is published on page 25 of the Ready Reckoner. The Ready Reckoner enables calculation of the cost or yield arising from a range of potential changes to tax charges and is available on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx . An update of the Ready Reckoner is due to issue by 25 October 2024.

I am further advised that Revenue cannot provide estimates for later years due to the unknown nature of the future tax base and future economic behaviour.