Wednesday 13 December 2017

Higher VAT returns lift State’s finances in January, generating €1.47bn Exchequer surplus

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Donal O'Donovan

Donal O'Donovan

Higher VAT returns lifted the State’s finances in January, helping generate a €1.47bn Exchequer surplus.

Figures today show €4.769bn in tax revenue was collected in January, an increase of 6.1pc on the same period last year.

VAT was a big contributor, increasing €214m or 10.2pc compared to the same period last year.

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