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Tax receipts up acutely but abaft target

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Independent.ie

Irish tax receipts were abaft ambition in the aboriginal eight months of the year, with a arrears of 0.3pc.

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https://www.independent.ie/business/irish/tax-receipts-up-sharply-but-behind-target-37282487.html

https://www.independent.ie/business/personal-finance/article37258908.ece/91074/AUTOCROP/h342/2018-08-28_bus_43627158_I1.JPG

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Irish tax receipts were abaft ambition in the aboriginal eight months of the year, with a arrears of 0.3pc.

Conall MacCoille, an economist with Davy Stockbrokers, said the abstracts were disappointing.

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He said there will be “precious allowance for manoeuvre” in October’s Budget.

Peter Vale, a tax accomplice at Grant Thornton, said the actuality that assets tax receipts were abaft ambition for the eight ages aeon was “slightly surprising” accustomed how the labour bazaar has been performing.

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Corporation tax and VAT receipts were able-bod abaft ambition in August, but the ages is not commonly an important one for those two categories.

The Department of Finance said repayments of VAT had been college than expected.

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Overall, Irish tax receipts are up 5.1pc in the aboriginal eight months of 2018, compared to the aforementioned aeon aftermost year.

Income tax is up 6.8pc in the period, while association tax is 11.1pc higher.

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