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Irish Tax Officials Puzzled By Drop In Excise Duties

by Jason Gorringe, Tax-News.com, London

07 January 2002

Following the release of the annual Irish revenue receipt figures, tax experts have confessed themselves bemused by the sudden drop in excise income.

Although it was no surprise given the events of the past year that revenue receipts in general were well below expectations, the drop of 2.5% in sales of food, drink and tobacco, and the decreased excise duty collection on the sale of cars, petrol, and diesel have got Department of Finance officials scratching their heads.

Finance analysts are unsure as to whether a sudden bout of clean living has broken out in Ireland, and have announced that they will not be able to provide a definitive answer until the Central Statistics Office produces more data.

Speaking to the Irish Independent on Friday, one analyst commented: 'I don't know if the fall in excise receipts came from the tourism slowdown, people becoming more abstemious, changing their habits or whether something else is happening.'

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