Davy Research

Irish economy

Key November tax returns beat expectations

DAVY VIEW

November is the key tax month for the Irish government, with over €8bn in tax revenues expected during the month as corporation and self-employed tax revenues are paid down. The final out-turn at €8.3bn was €186m ahead of target and up 4% year-on-year (yoy). Overall, the surplus related to the general government was €377m in November, well ahead of an expected €1.2bn deficit at the beginning of the year.

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