Thursday October 1, 2020

Government tax take falls as November returns disappoint

UPDATE: The government’s tax revenue fell in November after a €300 million shortfall in income tax in the month.

4th December, 2012
2
The government’s fiscal deficit for the first 11 months of the year narrowed to €12.97 despite the government missing its target for tax receipts, according to the Department of Finance.

The government’s tax revenue fell in November after a €300 million shortfall in income tax in the month.

Tax revenue at €33.8 billion was 0.5 per cent below projection as corporation tax and excise duties also failed to meet expectations. The tax take rose 6.2 per cent from the year-earlier period, the Department of Finance said.

The poor tax returns were largely due to weaker than forecast self-employed income tax receipts, much of which are...

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