Exchequer returns show tax take €500m ahead of target
Figures reveal shortfall in VAT but overall figures are closee to 2007 levels
The tax take is running at almost €500 million ahead of target this year – but a VAT shortfall suggests consumer spending.
As talks towards the formation of a Fine Gael minority government continue, Exchequer returns from the Department of Finance released this evening show tax revenues up 9 per cent year-on-year and €475m above profile.
Income tax receipts of €6.1bn included a once-off self-employed payment and met expectations. However, the figures are consistent with...
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