Tax take 2% ahead of target by end of April, according to latest Exchequer returnsFriday 02 May 2014 16.35
Exchequer returns for April show the tax take for the year to date is running some €222m - or 2% - ahead of target.
However the tax take for April alone was €35 million - or 1.5% - below the amount expected for the month, mainly due to weakness in income tax and excise returns.
A stronger-than-expected performance in VAT and Local Property Tax payments helped to improve the picture.
Compared with the same month last year, the tax take in April was up by €197 million, or 9.2%
For the four months to the end of April, the tax take was €612 million of 5.6% better than in the same period in 2013.
Income tax returns in the period were 7.2% higher than they were in 2013, reflecting higher numbers in work.
Compared with the target for this year, income tax receipts - at €5.4bn - are running 2%, or €106 million ahead of target.
The VAT take of €3.65bn is 1.4% - or €451m - below target. Corporation Tax and excise duty, the last of the "big four" tax heads, are both ahead of target.
The Local Property Tax has raised €260m so far this year, 7.2% ahead of a target of €243m.