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ROI TAX RECEIPTS

Irish Taxation receipts for 2019 amounted to €59.3 billion, the highest level ever and nearly €1.4 billion above the original forecast according to the statement from the Department of Finance. Corporation tax receipts were €1.4 billion ahead of target, the other main tax heads were in line with expectations.


The Minister for Finance and Public Expenditure & Reform, Paschal Donohoe T.D., said “Reflecting the growing economy and increased employment, last year was another strong year for tax receipts. Combined with well-managed expenditure increases, these tax receipts mean a budgetary surplus of 0.4 per cent of GDP for last year.”  According to the Minister “‘excess’ corporation tax receipts are not being used to finance day-to-day spending but to reduce debt.”


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Farrell & Farrell CA Limited (trading as Farrell & Farrell) is registered in NI with registration number NI 639336. Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers. Registered to carry on audit work and regulated for a range of investment business activities by Chartered Accountants Ireland (CAI). Details about our audit registration can be viewed at www.auditregister.org.uk under reference number 3044856.