Minister for Finance, Paschal Donohoe (left) with Minister for Public Expenditure and Reform, Michael McGrath at government buildings this afternoon
This afternoon.
We’re back, baby.
Via RTÉ News:
The Department of Finance has recorded the highest ever tax take of €68.4 billion, pushing the Exchequer deficit down to €7.3 billion.
According to the latest Exchequer figures, tax receipts were up by €11.2 billion (19.7%) on 2020. This was the highest ever tax yield, over €9 billion ahead of the previous highest yield reached in 2019.
Growth was robust across virtually all tax heads, with particularly strong performances in income tax, VAT and corporation tax.
Cumulative income tax receipts of €26.6 billion for the year were up by €3.9 billion (17.4%) on 2020. This reflects the ongoing recovery in the labour market along with growth in wages in the sectors insulated from the pandemic.
Anyone?