Economy

xchrom

(108,903 posts)

48. Tax revenues over €1 billion ahead of last year {ireland}

Sat Mar 3, 2012, 11:53 AM

Mar 2012

http://www.irishtimes.com/newspaper/finance/2012/0303/1224312711588.html

TAX REVENUES for the first two months of the year were more than €1.05 billion ahead of the same period last year, figures from the Department of Finance show.

The exchequer returns, published yesterday, put overall tax revenue for the end of February at € 5.9 billion, up nearly 22 per cent on last year.

Significantly, the tax take was also € 656 million or 12.5 per cent ahead of the department’s own expectation. However, the ministry warned there were two specific factors driving this “over performance”.

The large year-on-year increase was partly due to the late payment in January of more than € 250 million in corporation tax which had originally been due in December.

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