Government tax intake increased sharply in November due to Apple ruling

Kenneth Fox

The tax take for the government in November was up sharply due to the Apple Tax ruling.

Corporation tax receipts amounted to €35 billion for the year to date - that is €13 billion more than the same period last year.

VAT receipts are also up for the year so far by 1 point €3 billion, compared to the same time last year.

In total, almost €100 billion euro has been collected in tax so far this year.

However, government spending is almost 12 per cent more than last year, and 6 per cent more than forecast.

A surplus of 13 point €8 billion been recorded to date.