Exchequer sees tax take tumble €800m

There was a €1.7bn hole in the Exchequer at the end of February, an increase of €800m in the previous year.

Exchequer sees tax take tumble €800m

There was a €1.7bn hole in the Exchequer at the end of February, an increase of €800m in the previous year.

The Department of Finance is blaming the drop in the tax take on a €300m loan to the Social Insurance Fund and a financial transaction with Bank of Ireland.

The amount of Corporation Tax collected in the year to February was down 42% year-on-year to €91m.

VAT receipts are up by 7%, or €141m, in the year to February while Income Tax receipts are also up, by €5m - or 0.2%.

The Government has also collected €57m in Property Tax.

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

Pile or group of multi colored and different sizes of colourful foil wrapped chocolate easter eggs in pink, blue, and gold. Larg Young sisters donate hundreds of Easter eggs to children's hospital
Ireland has third highest level of deaths on rural roads in EU  Ireland has third highest level of deaths on rural roads in EU 
Mother and daughters killed in Mayo crash named locally, as husband returns to Ireland 'Their smiles lit up the room': Tributes paid to mother and daughters killed in Mayo crash
War_map
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited