Last year, an Exchequer surplus of €5 billion was reported, a €12.4 billion improvement over the €7.4 billion deficit registered in 2021. Both the rapid growth in tax revenue and the drop in Covid-related public spending are reflected in the improvement. On a more comprehensive general government basis, this is consistent with a surplus of … Read more
The Minister for Finance, Michael McGrath TD, reminds taxpayers that the personal tax package announced in Budget 2023, takes effect from today Sunday, 1 January 2023. Speaking today, Minister McGrath said, “The Government is acutely aware of the cost of living pressures being experienced by people right across the country. As part of our response … Read more
According to the most recent Exchequer returns, a record €5 billion in corporation tax was collected in November, making it the largest monthly total ever. The Exchequer has already surpassed the Budget Day target of €21 billion in corporation tax for the entire year thanks to the tax collection, which is supported by a flourishing … Read more
An Exchequer deficit of €1.1 billion was recorded in end-April 2022. This compares with a deficit of €7.6 billion in the same period last year. The €6.5 billion improvements in the Exchequer balance was driven by strong growth in tax revenue, with tax receipts of €21.1 billion to end-April, up €5 billion (over 30 percent) … Read more
The tax receipt of state increased dramatically and the government received €68.4 billion from tax payments in 2021. This shows 20% increase from 2020. An Exchequer deficit of €7.4 billion was recorded to end-December 2021. This compares with a deficit of €12.3 billion in 2020. The almost €5 billion year-on-year improvement in the Exchequer balance … Read more
The state finances were buttressed in 2021 by a record €68.4 billion tax take that exceeded expectations, pushed by robust company and revenue tax returns because the financial system rebounded.. The exchequer is expected to record a deficit of €7.4 billion for the complete 12 months with authorities expenditure of €87.5 billion exceeding the State’s … Read more
The Revenue Department has urged homeowners in Ireland to submit their Local Property Tax return by November 7 this year. The return must be after valuation. The return will be considered for tax payment in 2022. The revenue raised by the tax is used to fund services such as: public parks, libraries, open spaces and … Read more
Many workers in Ireland are going to enjoy higher rates of tax credits as the government announced amendments to the existing tax policies in Budget 2022. According to the report by the Irish Mirror, the new changes will greatly benefit common people as the plans to boost lower income tax bands take effect. The standard … Read more