A new solid fuel carbon tax will come into effect across the country in five days’ time on Wednesday May 1, when a new excise duty will be laid on solid fuels, such as coal and peat. The new duty which is being administered by the Revenue Commissioners will make those who first supply the fuel in the State responsible for collection; this will be either the wholesaler who brings in the fuel to Ireland, or the retailer who sources their own supply from outside the State.
The rate of tax which will come into effect next Wednesday sees a €10 per tonne of CO2 emitted levy laid down, but that rate will double from May 2014 to €20 per tonne of CO2 emitted. According to the Revenue Commissioners’ own details that will equate to an extra tax of €28.33 per tonne of coal this year, which will double to €52.67 per tonne next May. For peat briquettes it will see an extra €18.33 per tonne levied this year (€36.67 in 2014 ), milled peat will rise by €8.99 per tonne on Wednesday (€17.99 in 2014 ). Other peat will rise by €13.62 per tonne this May, before rising to €27.25 per tonne next May.
