| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy

Finfacts changes from 2015


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Global Cost of Living

Irish Tax - Income/Corporate




Content Management by interactivetools.com.

News : Irish Economy Last Updated: Feb 20, 2015 - 9:37 AM

Irish Economy 2015: Strong Christmas sales reflected in January Exchequer returns
By Michael Hennigan, Finfacts founder and editor
Feb 4, 2015 - 2:27 AM

Email this article
 Printer friendly page

The Department of Finance in snowy Dublin, Thursday, Dec 02, 2010

Irish Economy 2015: Strong Christmas sales are reflected in January Exchequer returns, which were published on Tuesday.

The Exchequer surplus at end-January 2015 stood at €781m compared to a deficit of €1.1bn in the same period last year. The Department of Finance said that allowing for the impact on the Exchequer in January 2014 of the introduction of the Single European Payments System (SEPA), the year-on-year improvement in the Exchequer balance to end January 2015 is c. €680m.

Meanwhile, the NTMA raised €4bn on sale of a 30-year bond at a reported yield of 2.088%, with demand at about €11.2bn.

The debt agency has so far raised €8bn - more than 50% of its €15bn target for the year.

Tax revenue of €4.19bn in January 2015 after taking into account the impact of the introduction of SEPA on tax receipts in January 2014, showed a year-on-year increase to end January 2015 of €460m (12.3%).

Income tax receipts of €1.5bn were collected in January, which represents a year-on-year rise of €58m or 4.0%. "This performance is consistent with the recovering labour market with solid employment growth as evidenced by the QNHS (employment household survey)," the Department said.

January saw VAT receipts of €1.97bn, with receipts in the month relating to the November/December trading period. This represents an increase of €225m or 12.9%, when compared to the corresponding month last year. The strong performance is in line with the positive retail data and consumer confidence from December.

Corporation tax receipts in January were €49m, which equates to a €35m increase when compared to the same period last year. Excise Duties totalled €388m in January, representing a year-on-year increase of approximately €46m (13.4%) while €72m was collected in Stamp Duties receipts in January, up €19m or (37.0%) year-on-year.

Local Property Tax receipts amounted to €94m, up €62m or 189.4% in year-on-year terms. This increase was expected and is a result of a shift in payment patterns. Of the remaining small tax heads, CGT, CAT and customs combined were up €3m (6.7%) year on-year.

Overall net voted expenditure for end January 2015, at €3.93bn, was down €206m (5.0%) year-on-year.

Exchequer Statement

Tax Receipts

Net Voted Expenditure

Alternative Presentation

Gross Voted Expenditure

Related Articles

© Copyright 2015 by Finfacts.ie

Top of Page

Irish Economy
Latest Headlines
Finfacts launches new news site
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Irish manufacturing PMI strong in July
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Irish Budget 2016: Ibec demands 20 tax cuts, spending and investment rises
Low pay in Ireland; Lowest social security & corporate taxes in Europe
Ireland vs Greece: Enda Kenny's false claims on growth, taxes and debt
Irish standard of living in 2014 below Euro Area average, Italian level; Prices 5th highest in EU28
Irish goods exports rose a record 30% in April - due to fake tax-related transactions
Mexican tall ship to sail into Dublin on June 17th
Irish industrial production up 20% in first four months of 2015; Construction down 2.6% in first quarter
Irish Economy 2015: ESRI slams return to boom-time pro-cyclical fiscal policy
Irish pension fund returns in average range 1.6% - 1.8% in May 2015
Irish service sector PMI remains strong; Tax avoidance clouds data
Ireland: Official unemployment rate at 9.8% in May; Broad rate at 19% — 440,000 people
Ireland: Fiscal Council warns of dodgy forecasts, no plan; OECD warns of new property bubble
Irish Public Finances: Tax revenue in first five months of 2015 €734m ahead of target
No simple measure of economic progress in Ireland: GDP & GNP defective
Irish manufacturing PMI rises in May; Production up unbelievable 45% in year to March!
ESRI says data volatility hinders Irish economic forecasting; Tax avoidance taboo cause
Ireland at 16 in international competitiveness ranking; US, Singapore and Hong Kong on top
Irish Economy 2015: Sectors to add 200,000 jobs?; Broad jobless rate at 19%
Irish Export Performance: Myths and reality - Ireland is a poor exporter
Irish Economy: 41,300 jobs added in 12 months to Q1 2015 - Construction up 19,600
China-Ireland: Economic relationship on a slow burn
Estonia, Austria, France, Ireland head global alcohol rankings
Irish Exchequer Returns: Tax receipts under target in April but ahead in year
Irish service sector PMI rose in April
Irish manufacturing PMI remained strong in April- includes overseas manufacturing
Irish Live Register + 90,000 activation scheme numbers at 439,000 in April
Ireland: Coalition drops 2018 full-employment target
Ireland Spring Statement: Noonan promises 200,000 net new jobs by 2018
Irish Economy 2015: Retail sales volume up 1.4% in month of March