(1) Subject to the provisions of this Chapter and any regulations made under it, a duty of excise, to be known as natural gas carbon tax, shall be charged, levied and paid at the rate specified in column (2) of the Table to this subsection with effect as on and from the date specified in column (1) of that Table on all natural gas, other than natural gas subject to mineral oil tax under section 95(1)(b) of the Finance Act 1999, supplied in the State by a supplier.
Table - Rate of natural gas carbon tax
|
With effect as on and from |
Rate of tax per megawatt hour at gross calorific value |
|---|---|
|
(1) |
(2) |
|
1 May 2021 |
€6.06 |
|
1 May 2022 |
€7.41 |
|
1 May 2023 |
€8.77 |
|
1 May 2024 |
€10.13 |
|
1 May 2025 |
€11.48 |
|
1 May 2026 |
€12.84 |
|
1 May 2027 |
€14.20 |
|
1 May 2028 |
€15.56 |
|
1 May 2029 |
€16.91 |
|
1 May 2030 |
€18.09 |
(2) Subsection (1) shall apply to all natural gas supplied by a supplier for combustion by such supplier.
(3) The rate of tax per
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