Record €88bn tax revenue haul in year soothes jitters over economy

Income taxes brought €33bn for the full year, some €2.2bn more than the previous year

The Fianna Fáil Minister for Finance, Michael McGrath and the Fine Gael Minister for Public Expenditure, National Development Plan Delivery and Reform, Paschal Donohoe. Overall, tax receipts brought in more than €6bn in December and delivered a haul of €88bn for the full year.

The Government collected a record haul of more than €88bn in tax revenues last year, as corporation taxes again delivered despite a late-year scare, while bountiful receipts from other tax sources pointed to a healthy domestic economy going into 2024, the latest exchequer returns suggest.

The figures for December also confirmed that income tax receipts and consumer spending taxes such as Vat also brought in substantial amounts for the exchequer across the full year.