Monday 25 September 2017

Overall tax take 12.3pc higher than last January at €4.19bn - Exchequer

Income tax receipts were up 4pc or €58m in the month to €1.5bn
Income tax receipts were up 4pc or €58m in the month to €1.5bn
Colm Kelpie

Colm Kelpie

VAT receipts last month – reflecting the Christmas shopping period – were €225m or 12.9pc higher than the same period last year, according to the first set of Exchequer Returns for 2015.

The overall tax take last month was in the order of €4.19bn, up 12.3pc or €460m on January last year.

Income tax receipts were up 4pc or €58m in the month to €1.5bn, compared with the same month last year.

VAT receipts were €1.97bn in the month, up 12.9pc year-on-year.

Net spending at €3.9bn in the month was down 5pc or €206m.

Net current spending was down 6.3pc year-on-year to €3.75bn, driven primarily  by a year-on-year reduction in social protection spending.

Total debt servicing costs last month were €285m.

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