Big rise in CGT take as exchequer bounces back in January
Figures released by the Department of Finance today show that 2003 closed with a deficit but returns bounced back strongly in the first month of 2004.
The exchequer had a surplus of €483.675m for the month to the end of January, according to figures released by the Department of Finance today.
This compares with a surplus of €284.124m in the same period last year.
Total receipts to the end of January 2004 came in at €3.381bn compared to €3.096bn for the same period in 2003.
Capital gains tax rocketed 174% to €67.788m while Value Added Tax, which accounts for almost one third of the total tax take, was up nearly 7% to €1.608bn.
The total tax take was up to €3.167bn in January 2004, compared with €2.807bn in the same month last year.
Of the total tax take, income tax was up 15% at €820.621m. Corporation tax was up 17.7% at €61.468m.
