Taxes collected last month were up 46% on November of last year due to the second tranche of Apple tax money appearing in the State's coffers.
A further €6bn of the Apple tax proceeds were transferred to the exchequer during the month, joining the €3bn already given over in October.
However, despite the windfall the latest Exchequer returns show that Government spending is also accelerating, with expenditure for the year to the end of November totaling €103bn, was 12% ahead of the same period last year and 6% ahead of was budgeted for.
So far this year the State collected €99bn in taxes which is 21% up on 2023 and higher than the total tax take across all 12 months of last year.
Corporation tax receipts of €35bn are now ahead of last year by €13bn, up 59%. Much of the increase is due to Apple tax receipts.
November is the largest month for corporation tax payments, with receipts of €13.7 billion up by €7.4 billion or 116.8% because of the Apple tax transfers.
Income tax is up 6.4% so far this year to €32.3bn. November is a significant month for income tax receipts as it's when the bulk of self-assessed income tax is received.
Self-assessed income saw a relatively weak performance year-on-year, which offset continued growth in PAYE receipts.
VAT at €21.4bn is up 6.4% on last year.
Excise duty receipts of €5.8bn are up 12% on last year.
"The Exchequer returns to end-November show most tax heads have demonstrated steady growth across the year," said Minister for Finance, Jack Chambers.
"The growth in income tax and VAT receipts demonstrates the strength of our economy and labour market, but our public finances remain exposed to highly volatile corporation tax receipts. This revenue stream is also skewed by the receipt of around two-thirds of the revenue arising from the CJEU ruling of September 10."
The Minister for Public Expenditure, Paschal Donohoe said, the spending out turn reflects the continued investment in public services and infrastructure.
"The exchequer returns figures show strong capital spending in Housing and Education as delivery under the housing and schools building programme continue," he said.
"The Cost of Living measures announced as part of Budget 2025 supporting people and businesses are reflected in spend levels also," he added, "with a number of cost-of-living supports since the last week of October shown in Social Protection spending and Energy Credit payments."
