Last Budget brought in €45m extra on wine to August

The extra revenue that was generated by the €1 levy on wine in the last Budget amounted to €45 million for the period January to August 2013 according to the Minister.

The Revenue Commissioners have said that the new levy on wine has taken in €45m so far this year. An extra levy of €1 per bottle was imposed on wine in the last Budget.

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Finance Minister Michael Noonan indicated that 45 million bottles of wine were sold between January and the end of August.
In total, taxes on wine have brought in €175m in the first eight months of the year.

He pointed out that the total provisional alcohol products tax yield from wine in the year to August had been €174.8 million. This can be set against €231.4 million for 2012, €231.0 million for 2011 and €218.8 million for 2010, he added.

“The corresponding figures for VAT are not separately identifiable within the VAT receipts as the VAT returns do not require the yield from a particular sector or sub-sector of trade to be identified,” he continued.

The Minister was responding to a parliamentary question from Brendan Griffin.

The extra revenue that was generated by the €1 levy on wine in the last Budget amounted to €45 million for the period January to August 2013 according to the Minister.

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