New report reveals the Inland Revenue recieved €750m more in taxes in the first five months of this year – TheLiberal.ie – Our News, Your Views

New report reveals the Inland Revenue recieved €750m more in taxes in the first five months of this year




According to new figures the Inland Revenue has recieved a staggering €750m more in taxes in the first five months of this year.

The latest statistics published by the Exchequer found there was a €125m shortfall in the first five months of this year compared to a surplus of €641m this time last year.

The Department of Finance said the increased income was due to an improvement in public finances which totaled to almost €1.4 billion.

It is understood new car sales, the price increase on the sale of tobacco products and the rise in corporation tax is the main contributors to the increased revenue.

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