The windfall means that tax revenues overall are €3bn higher than planned for the year thus far.
It also means that whoever is in government in 2017 may be in a position to stop borrowing at that point in time, one full year ahead of schedule.
Speaking ahead of the official announcement, Minister Noonan said “We’re approximately €470m ahead of profile for November,”
“This brings the position after 11 months of the year to shade under €3bn of taxes forecast.”