1983 Budget Indirect Tax Revenue

Summary

The Minister estimated that 1983 budget indirect tax increases would raise £109.5 million. Asked about revenue losses from cross-border shopping, he said the issue was under review; first-quarter tax receipts were broadly on target.

Michael O'Kennedy Mr. O'Kennedy Fianna Fáil

asked the Minister for Finance the amount of extra revenue which indirect tax increases in the 1983 budget is expected to raise.

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Alan M. Dukes Mr. Dukes Fine Gael

The extra revenue in indirect taxes which is expected to arise from the increases announced in the 1983 budget is £109.5 million.

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Ray Burke Mr. R. Burke Fianna Fáil

Has the Minister recalculated this figure in view of the positive incentive for people to travel across the Border and do their shopping there with a consequent loss to the revenue and the State?

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Alan M. Dukes Mr. Dukes Fine Gael

No. That is an item that is being kept under review. The first quarter returns show that tax revenue will be more or less on target so far although it is something that must be monitored very closely.

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