Government set to meet its Budget 2023 targets as Vat and corporation tax receipts boom

At €2bn in the month, corporation taxes brought in €1bn more than collected in September 2021

Total tax receipts brought in €8bn in the month and are running at €57.8bn since the start of the year, which is up 26% from the same period last year.

The Government is well on its way to meeting its Budget 2023 revenue targets as the September exchequer returns showed that Vat receipts appear to be rising due to price inflation, while the boom in corporation tax receipts continues.

Finance Minister Paschal Donohoe and Public Expenditure Minister Michael McGrath would have had a view of the latest tax and spend figures in fine-tuning their budget measures last week, and the September figures, released yesterday, confirm the public finances remain in a healthy state.