Tax take from SMEs rises by 20 per cent

Michael Noonan signals sizeable increase in payments from Irish firms

Michael Noonan

The Minister for Finance has said the surge in tax receipts this year is partly down to higher corporation tax payments from small firms.

Although most of Ireland’s corporate taxes are paid by multinational companies, Michael Noonan said there had been a sizeable increase in payments from Irish firms.

Payments by SMEs to Revenue are up by 20 per cent so far in 2015 and there has also been an increase of over ...