Home Employment Irish Jan-April tax revenues up 31% year-on-year

Irish Jan-April tax revenues up 31% year-on-year

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DUBLIN (Reuters) – Eire collected 31% extra tax within the first 4 months of the 12 months than the identical interval in 2021 following a pointy bounce in revenue tax receipts in April, the finance ministry stated on Wednesday.

After accumulating much more tax in 2021 than any earlier 12 months after the economic system weathered considered one of Europe’s hardest lockdowns, the finance ministry estimated final month that tax revenues would rise by an extra 11% this 12 months.

It additionally forecast that the price range deficit would cut at a sooner than anticipated price to 0.8% of gross nationwide revenue this 12 months and Wednesday’s information confirmed that an exchequer deficit of 1.1 billion euros was recorded on the finish of April.

(Reporting by Padraic Halpin; Modifying by Toby Chopra)

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