Surge puts corporation tax back in spotlight

Corporation tax revenues will again likely make an outsized contribution to overall tax revenues this year, providing the Government with some sort of comfort that it can meet its hefty spending commitments in the short term.

The latest monthly exchequer returns show that revenues from corporation taxes surged in October and brought in almost €6.9bn for the exchequer over the 10 months and contributed €660m more to the coffers than was anticipated at this stage of the year.