Better August, but tax still falling short

Better August, but tax still falling short
Finance minister Paschal Donohoe. Pic:

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

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.

Tax revenues for August were only marginally (0.8 per cent) better than expected, leaving the figure for the first eight months at €2.66 billion, 0.7 per cent or €209m behind...

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