Revenue collected almost 10% more tax last year
A total of €41.4bn in tax was collected by Revenue last year, an increase of 9.3% on 2013 levels.
All of the main taxheads recorded growth with Income Tax up 8.8%, Corporation Tax and VAT up 8.1% and Stamp Duty up 26%.
High levels of timely payment and returns compliance rates were maintained in 2014 and ranged from 99% to 84% depending on case size.
In relation to the Local Property Tax, compliance rates of 96% were achieved last year while this year a rate of 94% has already been achieved.
Speaking at the launch of its Annual Report for 2014. Niall Cody, chairman of the Revenue Commissioners said: "This is a key performance measure for us - we recognise and acknowledge the contribution of individual taxpayers, businesses and tax and customs practitioners in the achievement of these results and the maintenance of a strong voluntary compliance culture."
Mr Cody highlighted the results from Revenue’s compliance programme in 2014 which included over 437,000 compliance interventions yielding over €610m - an increase of 11% over 2013.
Some 889 audits on construction businesses yielded over €35m last year.
Mr Cody also said that Revenue will be recruiting over 400 new staff in 2015 across a diverse range of specialist skills areas such as tax and legal professionals, data analysts, economists and information technology experts.
"We aspire to be an employer of choice and you will see from the features in the Report that we provide significant opportunities for personal and professional development, and a wide variety of interesting and challenging roles with 100% merit-based opportunity for advancement."
