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

Kenny denies Apple tax ruling will bring more investigations to Ireland

Father gunned down in 'cold blooded execution'

Teachers' strike 'unneccessary', says Education Minister

US Secretary of State to visit Tipperary next week

Today's Stories

Pub gets red card for illegal showing of Sky soccer games

Limerick man was en route to Iraq to fight IS

Coach driver suffered heart attack while driving CIT’s camogie team

42 babies born to girls age 15 and under in 2015


Charlie Brooker's Black Mirror is reflecting reality

Meet the heroic children with Epidermolysis Bullosa described as 'the worst thing you could live with'

Ask Audrey has been sorting out Cork people for years

How beautiful is this? - UCD Choral Scholars sing 'Orphan Girl'

More From The Irish Examiner