Tax Code

Tuesday, 26 May 2026

Questions (197, 213)

John Connolly

Question:

197. Deputy John Connolly asked the Tánaiste and Minister for Finance if he is planning any new tax changes in light of enhanced energy prices; and if he will make a statement on the matter. [39659/26]

View answer

John Connolly

Question:

213. Deputy John Connolly asked the Tánaiste and Minister for Finance when he will make a recommendation with regard to any further extension of the tax and excise changes introduced as a consequence of the Iran war; and if he will make a statement on the matter. [39658/26]

View answer

Written answers

Tánaiste and Minister for Finance

I propose to take Questions Nos. 197 and 213 together.

Government continues to monitor the situation in the Middle East and assess the impact on energy prices. Solid budgetary management in recent years has meant that we have had the capacity to respond in a timely and substantive way to help with this energy price shock.

Due to the persistent volatility in oil and gas markets and the uncertain nature of the conflict in the Middle East, it is too early to make a decision in relation to extending excise measures.

The best way of insulating our economy and society from fuel prices shocks is to reduce our dependence on fossil fuels. Revenue raised from the carbon tax are allocated for expenditure on measures which will help towards achieving this; such as the continuation of a national retrofitting programme, investment in community energy efficiency measures, and funding for greener farming practices.

The support measures brought in by this Government are estimated to cost in excess of €750 million. Any future decision on support measures will be considered in the context of the annual Budgetary cycle.