Revenues rise but income tax still below targets

The Government took in over €50.7bn in tax revenue in 2017 — nearly €3bn, or 6%, more than in 2016, despite income tax and Vat receipts falling short of targets.

The Government took in over €50.7bn in tax revenue in 2017 — nearly €3bn, or 6%, more than in 2016, despite income tax and Vat receipts falling short of targets, writes Geoff Percival.

Gains made from the sale of a portion of the State’s shareholding in AIB also helped Ireland record a surplus of over €1.9bn last year, which compared to a deficit of just over €1bn in 2016.