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…
Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators. Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts. Annual membership is just €200 for the first year, a saving of €100. Or try The Currency for the first month for a special introductory rate of €5, a saving of €20. Cancel at any time. To become a member today click here.
Join The Currency
INTRODUCTORY OFFER: Full annual membership for just €200.