Revenue takes in record receipts of €48bn

Revenue made a record collection last year of almost €48bn, preliminary figures show.

There was also a 16% rise in drugs and illicit goods — particularly cocaine, heroin and cannabis — being seized and a 26% jump in debt collection operations involving state-appointed sheriffs and solicitors.

Revenue headline results for 2016 show an increase in revenues across seven of the 10 main tax categories and a drop in three.