[Oireachtas] Dail Eireann debate. Written answer 56 - Excise duties issues [14674/14] [Tobacco]. (27 Mar 2014)
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56. Deputy Bernard J. Durkan asked the Minister for Finance the extent to which alternatives are likely to become available to those displaced from the tobacco industry; and if he will make a statement on the matter. [14674/14]
Minister for Finance (Deputy Michael Noonan): I understand the Deputy is asking what alternative sources of tax would be available to me as Minister for Finance should the excise duty derived from the sale tobacco products reduce significantly or disappear altogether.
Excise receipts in respect of tobacco products tax amounted to some €1.1 billion in 2013. It is assumed that any reduction in the tax take from tobacco would occur over a period of time reflecting a reduction in the consumption of tobacco products. Tax receipts in general are monitored on an ongoing basis by my Department and the Revenue Commissioners. Where particular tax revenues are not meeting targets for any reason remedial action is taken either in respect of that individual tax or across all tax heads (including the exploration of new sources of revenue) to ensure that budgetary targets are achieved.
Item Type
Dail Debates
Publication Type
Irish-related
Drug Type
Tobacco / Nicotine
Intervention Type
Policy
Source
Date
27 March 2014
EndNote
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