Tax take ahead of target, but income tax still short

€180m extra in corporation tax boosts figures in key month for tax collection

Exchequer figures boosted by AIB sale and low interest rates. Pic: RolingNews.ie

Having fallen short of targets for most of the year, the amount of money taken in by the state in tax has moved ahead of expectations after a strong November.

November is the most important month for tax collection, accounting for more than 15 per cent of the total, particularly from companies and the self-employed.

The Department of Finance said the tax take for November alone was €186m or 2.3 per cent better ...