Government collects tax haul of €52bn but Finance Minister cautious on corporation tax revenue

Exchequer returns published by the Department of Finance showed the State collected €7.6bn in July, an increase of more than 10% on the same month last year

Finance Minister Jack Chambers gave a cautious outlook on receipts collected from multinationals. Picture: Damien Storan

The Government collected a tax haul of more than €52bn in the first seven months, up €10bn annually, as corporation taxes again delivered despite July not being a key month for this revenue stream.

Corporation tax returns were 15% ahead of last year at €12.5bn, giving the Government a bump in the final months before the budget is finalised.