Department of Finance reveals 3% tax revenue rise

The Department of Finance revealed today that tax revenues last month were up 3% compared to a year ago.

But Exchequer figures published this evening also show the Department of Social Protection continues to increase its spending.

Overall taxes in January were up €109m year-on-year.

Income tax did well and was up 10%, which the Department said was because the labour market improved late last year.

Stamp duty showed a 400% increase, but that was due to a delay in reporting health insurance products from last year.

Spending during the first month of the year increased also - with Social Protection increasing its spend by 18% or €178.82m on last year.


More in this Section

Gardaí make another arrest in connection with false imprisonment of security man in Laois

IMPACT calls off pre-Christmas strike planned by Ryanair pilots

Winter wonderland cancelled after falling 'way short of expectations'

Here are the five days when the Dáil bar was the most busy this year


Today's Stories

Warning as number of steroids seized surges 300%

ECB: Ireland’s Central Bank must enforce tracker mortgage redress

Ryanair pilots call off strike

Man entered Garda station with knives

Lifestyle

Review: N.E.R.D - No One Ever Really Dies: Their finest album to date

Everyone's mad at Google - Sundar Pichai has to fix it

Scenes from the analogue city - Memories of Limerick from the late 80s and early 90s

Ask Audrey: 'I heard that Viagra fumes from Pfizer’s were causing stiffys below in Ringaskiddy'

More From The Irish Examiner