Better August, but tax still falling short

Income tax and excise duties still lower than expected, but Vat ahead of targets

4th September, 2017
Finance minister Paschal Donohoe. Pic:

As finance minister Paschal Donohoe steps up preparations for Budget 2018, figures from the Department of Finance show that tax revenue is still behind target for the year so far, though the gap has narrowed slightly due to a better than expected tax take in August.

Overall, the total tax take is almost 5 per cent ahead of the first eight months of 2016.

The Exchequer surplus for the first eight months of the year was just over...

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