Fall in self-employed taxes blamed for revenue shortfall

A collapse in tax revenue from the self-employed was the main reason why the government failed to meet its income tax targets last year.

6th January, 2013

A collapse in tax revenue from the self-employed was the main reason why the government failed to meet its income tax targets last year.

New exchequer data revealed last week that the national deficit fell to €14.9 billion in 2012, down from €24.9 billion a year earlier.

Tax revenues for the year beat expectations, with almost €36.7 billion collected in tax, up almost 8 per cent on 2011. However, income tax failed to meet its targets,...

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