Better than expected tax intake in first half of the year – TheLiberal.ie – Our News, Your Views

Better than expected tax intake in first half of the year




noonan

The tax man is a happy man today, at everyone else’s expense, of course.

Figured released today show that the state took in an unexpected €805m more in tax during the first half of 2015.

In total, tax take at the end of June was €20.6bn, which compares to the projected figure of €19.8bn.

When compared with the same period last year, the tax take was €2.16bn higher, which equals to 11.7pc.

According to the Department for Finance, the better than expected result is due to increased tax and non-tax receipts, in addition to some one-off transactions.

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