1989 - 2018 29 years in business Monday, 10th December 2018

Irish Tax Revenue Up Year-On-Year


Dear Clients, 

 

Total tax revenue for the January–April 2015 period was up 11.3 percent year-on year

and was some 4.2 percent above target.

 

Irish tax revenue was down 1.1 percent against targets for April, with income tax

performing poorly.

 

The latest Exchequer Statement shows that income tax came in 5.2 percent below target

Last month, The Finance Department said the shortfall, was wholly attributable to weaker

Deposit Interest Retention Tax (DIRT) receipts, on the back of low interest rates. Income tax

Receipt of EUR5.75bn were collected in the January-April 2015 period, a year-on-year

Increase of 6.3 percent.

 

Value-added tax (VAT) receipts were up 10.3 percent during the first months of 2014.

Compared with the same period in 2014. Excise duties increased by 8.5 percent year-on-

Year.

 

Corporation tax receipts were significantly higher than targets, showing that profitability is

Improving ahead of forecasts.

 

 

Should you need any further clarification, Please do not hesitate to contact us at:

info@cardwell-capital.com

 

Kind Regards

Cardwell Advisory Desk
 

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