I move:
(1) THAT for the purposes of the tax charged by virtue of section 67 of the Finance Act 2010 (No. 5 of 2010), that section be amended, with effect as on and from 7 October 2026, by the substitution of the following for the Table to subsection (1) of that section (as amended by section 3 of the Finance Act 2026 (No. 24 of 2026)):
“TABLE
Rate of Natural Gas Carbon Tax
|
With effect as on and from (1) |
Rate of tax per megawatt hour at gross calorific value (2) |
|
1 May 2021 |
€6.06 |
|
1 May 2022 |
€7.41 |
|
1 May 2023 |
€8.77 |
|
1 May 2024 |
€10.13 |
|
1 May 2025 |
€11.48 |
|
14 October 2026 |
€8.77 |
".
(2) IT is hereby declared that it is expedient in the public interest that this Resolution shall have statutory effect under the provisions of the Provisional Collection of Taxes Act 1927 (No. 7 of 1927).