In March, Ireland’s corporation tax take jumped to €1.6 billion. That month is not one when many companies pay tax, and receipts for March last year were just €233 million. In its monthly fiscal monitor, the Department of Finance remarked at the time: “The annual increase in corporation tax in March reflects, in part, a timing issue, ie earlier payment of receipts which were expected in August this year, which will distort the year-on-year comparison for March and August, but also increased profitability of a small number of companies in the ICT sector.” By that explanation, corporation tax receipts should…

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