Saturday 21 October 2017

€121m property tax boost

Colm Kelpie

Colm Kelpie

THE State took in €121m through the property tax in the first five months of the year, including €99m alone last month.

The latest Exchequer returns show that we've taken in fractionally less in all tax categories so far this year than expected, except in corporation tax and levies from house buying and shares being traded on the Irish Stock Exchange. Despite this, overall the State's finances remained on track.

The Government has taken in almost half of the €250m that it anticipates from the property tax this year, with the last-minute rush in May delivering much of the €121m.

Some €6.1bn has been brought in through income tax so far this year, and €5bn in VAT. VAT receipts, although virtually on target last month, were 2.3pc below target for the year so far.

Irish Independent

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