Tax returns for first seven months well ahead of target, new figures show

TAX returns for the seven months to end July are well ahead of target, new figures show.

Overall tax returns are running 6.3% ahead on a year on year basis, against 4.2% at the end of the first half of the year.

At the end of July income tax returns were €337m higher than the projected figure for the seven months, while VAT was ahead of target by €238m for the period.