This page provides up-to-date information on monthly cash receipts received by the government.
2019
2018
Exchequer Returns: End-November 2019 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 54,890 | 53,444 | 1,446 | 2.7 |
Income Tax | 21,119 | 20,944 | 175 | 0.8 |
VAT | 14,840 | 15,011 | -171 | -1.1 |
Corporation Tax | 10,008 | 8,600 | 1,408 | 16.4 |
Excise Duty | 5,351 | 5,364 | -13 | -0.2 |
Other Taxes | 3,572 | 3,525 | 47 | 1.3 |
PRSI Receipts | 10,529 | 10,153 | 376 | 3.7 |
Other Revenue | 4,603 | 4,231 | 372 | 8.8 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 70,022 | 67,828 | 2,194 | 3.2 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax Receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the cumulative performance of different Exchequer tax revenue sources and PRSI. For the year to end-November, PRSI revenue and corporation tax are substantially above profile, and the remaining tax revenues are either slightly below profile (VAT) or higher than forecast.](https://www.fiscalcouncil.ie/wp-content/uploads/2019/12/2019.11.web_.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-October 2019 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 44,973 | 44,267 | 706 | 1.6 |
Income Tax | 17,589 | 17,565 | 24 | 0.1 |
VAT | 12,553 | 12,652 | -99 | -0.8 |
Corporation Tax | 6,885 | 6,225 | 660 | 10.6 |
Excise Duty | 4,895 | 4,814 | 81 | 1.7 |
Other Taxes | 3,051 | 3,011 | 40 | 1.3 |
PRSI Receipts | 9,290 | 9,023 | 267 | 3.0 |
Other Revenue | 3,946 | 3,631 | 315 | 8.7 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 58,209 | 56,922 | 1,287 | 2.3 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax Receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the cumulative performance of different Exchequer tax revenue sources and PRSI. For the year to end-October, PRSI revenue and corporation tax are substantially above profile, and the remaining tax revenues are either broadly on track (VAT) or higher than forecast.](https://www.fiscalcouncil.ie/wp-content/uploads/2019/11/2019.10.web_-1.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-September 2019 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 40,782 | 40,107 | 675 | 1.7 |
Income Tax | 15,752 | 15,711 | 41 | 0.3 |
VAT | 12,313 | 12,359 | -46 | -0.4 |
Corporation Tax | 5,839 | 5,281 | 558 | 10.6 |
Excise Duty | 4,365 | 4,276 | 89 | 2.1 |
Other Taxes | 2,513 | 2,480 | 33 | 1.3 |
PRSI Receipts | 8,383 | 8,080 | 303 | 3.7 |
Other Revenue | 3,610 | 3,324 | 286 | 8.6 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 52,775 | 51,512 | 1,263 | 2.5 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax Receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the cumulative performance of different Exchequer tax revenue sources and PRSI. For the year to end-September, PRSI revenue is substantially above profile, and tax revenues are either broadly on track (VAT) or higher than forecast.](https://www.fiscalcouncil.ie/wp-content/uploads/2019/10/2019.09.Web_.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-August 2019 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 35,048 | 34,818 | 230 | 0.7 |
Income Tax | 14,080 | 14,128 | -48 | -0.3 |
VAT | 9,901 | 10,045 | -144 | -1.4 |
Corporation Tax | 4,928 | 4,614 | 314 | 6.8 |
Excise Duty | 3,916 | 3,803 | 113 | 3.0 |
Other Taxes | 2,223 | 2,228 | -5 | -0.2 |
PRSI Receipts | 7,459 | 7,211 | 248 | 3.4 |
Other Revenue | 3,250 | 3,050 | 200 | 6.6 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 45,757 | 45,079 | 678 | 1.5 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax Receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the tax revenue and PRSI performance to end-August 2019. Exchequer tax revenue and PRSI receipts are cumulatively above profile: overperforming corporation tax, PRSI and excise duties have offset underperforming VAT, stamp duties, and income tax.](https://www.fiscalcouncil.ie/wp-content/uploads/2019/09/2019.08.Web_.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-July 2019 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 31,944 | 31,834 | 110 | 0.3 |
Income Tax | 12,219 | 12,408 | -189 | -1.5 |
VAT | 9,749 | 9,771 | -22 | -0.2 |
Corporation Tax | 4,611 | 4,401 | 210 | 4.8 |
Excise Duty | 3,426 | 3,298 | 128 | 3.9 |
Other Taxes | 1,939 | 1,956 | -17 | -0.9 |
PRSI Receipts | 6,685 | 6,369 | 316 | 5.0 |
Other Revenue | 2,931 | 2,788 | 143 | 5.1 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 41,560 | 40,991 | 569 | 1.4 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax Receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the tax revenue and PRSI performance to end-July 2019. Exchequer tax revenue and PRSI receipts are cumulatively above profile: overperforming corporation tax and excise duties have offset underperforming income tax and stamp duties](https://www.fiscalcouncil.ie/wp-content/uploads/2019/08/2019.07.July_.Web_.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-June 2019 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 26,672 | 26,799 | -127 | -0.5 |
Income Tax | 10,492 | 10,539 | -47 | -0.4 |
VAT | 7,446 | 7,594 | -148 | -1.9 |
Corporation Tax | 4,174 | 4,233 | -59 | -1.4 |
Excise Duty | 2,921 | 2,791 | 130 | 4.7 |
Other Taxes | 1,639 | 1,642 | -3 | -0.2 |
PRSI Receipts | 5,590 | 5,435 | 155 | 2.9 |
Other Revenue | 2,661 | 2,478 | 183 | 7.4 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 34,923 | 34,712 | 211 | 0.6 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax Receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the tax revenue and PRSI performance to end-June 2019. Exchequer tax revenue and PRSI receipts are cumulatively above profile. Underperforming VAT, corporation tax and (to a lesser extent) income tax receipts are not offset by overperforming excise duties, and PRSI revenue is above profile.](https://www.fiscalcouncil.ie/wp-content/uploads/2019/07/2019.06.June_.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-May 2019 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 21,711 | 21,962 | -251 | -1.1 |
Income Tax | 8,725 | 8,780 | -55 | -0.6 |
VAT | 7,308 | 7,420 | -112 | -1.5 |
Corporation Tax | 1,807 | 2,040 | -233 | -11.4 |
Excise Duty | 2,448 | 2,304 | 144 | 6.3 |
Other Taxes | 1,423 | 1,418 | 5 | 0.4 |
PRSI Receipts | 4,703 | 4,570 | 133 | 2.9 |
Other Revenue | 2,270 | 2,083 | 187 | 9.0 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 28,684 | 28,614 | 70 | 0.2 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax Receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the tax revenue and PRSI performance to end-May 2019. Exchequer tax revenue and PRSI receipts are below profile. Underperforming corporation tax, VAT and (to a lesser extent) income tax receipts are not offset by overperforming excise duties, and PRSI.](https://www.fiscalcouncil.ie/wp-content/uploads/2019/06/2019.05.MayWeb.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-April 2019 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 15,570 | 15,597 | -27 | -0.17 |
Income Tax | 6,965 | 7,138 | -173 | -2.4 |
VAT | 4,992 | 5,183 | -191 | -3.7 |
Corporation Tax | 468 | 311 | 157 | 50.5 |
Excise Duty | 1,967 | 1,826 | 141 | 7.7 |
Other Taxes | 1,178 | 1,139 | 39 | 3.4 |
PRSI Receipts | 3,777 | 3,706 | 71.3 | 1.9 |
Other Revenue | 1,302 | 1,280 | 22.3 | 1.7 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 20,649 | 20,582 | 66.5 | 0.3 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax Receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the tax revenue and PRSI performance to end-April 2019. Exchequer tax revenue and PRSI receipts are broadly on profile. Underperforming income tax and VAT receipts are offset by overperforming excise duties, corporation tax and excise duties.](https://www.fiscalcouncil.ie/wp-content/uploads/2019/05/2019.04.AprilWeb.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-March 2019 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 12,795 | 12,638 | 157 | 1.2 |
Income Tax | 4,973 | 5,144 | -171 | -3.3 |
VAT | 4,986 | 5,007 | -21 | -0.4 |
Corporation Tax | 524 | 257 | 267 | 103.9 |
Excise Duty | 1,375 | 1,345 | 30 | 2.2 |
Other Taxes | 937 | 885 | 52 | 5.9 |
PRSI Receipts | 2,755 | 2,696 | 59 | 2.2 |
Other Revenue | 957 | 964 | -7 | -0.7 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 16,507 | 16,298 | 209 | 1.3 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax Receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the tax revenue and PRSI performance to end-March 2019. Overperforming corporation tax, together with strong PRSI and other revenue have offset underpeforming income tax and VAT receipts.](https://www.fiscalcouncil.ie/wp-content/uploads/2019/04/2019.03.MarchReturnsGraph-3.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-December 2018 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 55,558 | 54,175 | 1,383 | 2.6 |
Income Tax | 21,242 | 21,445 | -203 | -0.9 |
VAT | 14,234 | 14,090 | 144 | 1.0 |
Corporation Tax | 10,385 | 8,505 | 1,880 | 22.1 |
Excise Duty | 5,418 | 5,820 | -402 | -6.9 |
Other Taxes | 4,279 | 4,315 | -36 | -0.8 |
PRSI Receipts | 10,457 | 10,244 | 213 | 2.1 |
Other Revenue | 4,974 | 4,344 | 630 | 14.5 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 70,989 | 68,763 | 2,226 | 3.2 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other Taxes include Stamps, Capital Taxes, Motor Tax and Other Unallocated Tax Receipts. Other Revenue includes the National Training Fund, Other A-in-As, Non-Tax Revenue, and Capital Resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![The graph shows that Exchequer tax revenue and PRSI have outperformed by €1.5 billion cumulatively to end-November 2018, largely driven by higher-than
expected corporation tax receipts and PRSI revenue](https://www.fiscalcouncil.ie/wp-content/uploads/2019/01/2018.dec_.graph_-1.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-November 2018 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 51,435 | 50,212 | 1,223 | 2.4 |
Income Tax | 19,455 | 19,547 | -92 | -0.5 |
VAT | 14,080 | 13,986 | 94 | 0.7 |
Corporation Tax | 9,446 | 7,898 | 1,548 | 19.6 |
Excise Duty | 4,997 | 5,316 | -319 | -6.0 |
Other Taxes | 3,457 | 3,465 | -8 | -0.2 |
PRSI Receipts | 9,611 | 9,371 | 240 | 2.6 |
Other Revenue | 4,031 | 3,863 | 168 | 4.3 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 65,077 | 63,446 | 1,631 | 2.6 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other taxes include stamps, capital taxes, motor tax, customs and other unallocated tax receipts. Other revenue includes the National Training Fund, other A-in-As, non-tax Revenue, and capital resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![The graph shows that Exchequer tax revenue and PRSI have outperformed by €1.5 billion cumulatively to end-November 2018, largely driven by higher-than
expected corporation tax receipts and PRSI revenue](https://www.fiscalcouncil.ie/wp-content/uploads/2018/12/2018.nov_.graph_-2.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-October 2018 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 42,165 | 41,569 | 596 | 1.4 |
Income Tax | 16,268 | 16,278 | -10 | -0.1 |
VAT | 11,811 | 11,900 | -89 | -0.7 |
Corporation Tax | 6,738 | 5,658 | 1,080 | 19.1 |
Excise Duty | 4,419 | 4,780 | -361 | -7.6 |
Other Taxes | 2,929 | 2,953 | -24 | -0.8 |
PRSI Receipts | 8,507 | 8,344 | 163 | 2.0 |
Other Revenue | 3,632 | 3,285 | 347 | 10.6 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 54,304 | 53,198 | 1,106 | 2.1 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other Taxes include Stamps, Capital Taxes, Motor Tax and Other Unallocated Tax Receipts. Other Revenue includes the National Training Fund, Other A-in-As, Non-Tax Revenue, and Capital Resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![The graph shows that Exchequer tax revenue and PRSI have outperformed by €0.8 billion cumulatively to end-October 2018. Higher-than expected corporation tax
receipts and PRSI revenue have both more than offset underperforming excise duties and, to a lesser extent, VAT revenue.](https://www.fiscalcouncil.ie/wp-content/uploads/2018/12/2018.oct_.graph1_.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-September 2018 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 37,529 | 37,656 | -127 | -0.3 |
↳ Income Tax | 14,535 | 14,542 | -7 | -0.1 |
↳ VAT | 11,571 | 11,610 | -39 | -0.3 |
↳ Corporation Tax | 5,159 | 4,853 | 306 | 6.3 |
↳ Excise Duty | 3,879 | 4,218 | -339 | -8.0 |
↳ Other Taxes | 2,385 | 2,433 | -48 | -2.0 |
PRSI Receipts | 7,621 | 7,466 | 155 | 2.1 |
Other Revenue | 3,272 | 3,008 | 264 | 8.8 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 48,422 | 48,130 | 292 | 0.6 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other Taxes include Stamps, Capital Taxes, Motor Tax and Other Unallocated Tax Receipts. Other Revenue includes the National Training Fund, Other A-in-As, Non-Tax Revenue, and Capital Resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This table shows the cumulative performance of different revenue items of the Exchequer accounts. Of the main Exchequer tax heads, Corporation Tax has cumulatively over-performed thus far, while Excise Duties are behind expectations. PRSI receipts continue to exceed expectations.](https://www.fiscalcouncil.ie/wp-content/uploads/2018/10/Exchequer_Returns_End-September_2018_performance_chart.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-August 2018 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 32,422 | 32,523 | -101 | -0.3 |
↳ Income Tax | 13,051 | 13,072 | -21 | -0.2 |
↳ VAT | 9,382 | 9,463 | -81 | -0.9 |
↳ Corporation Tax | 4,366 | 4,090 | 276 | 6.7 |
↳ Excise Duty | 3,475 | 3,724 | -249 | -6.7 |
↳ Other Taxes | 2,148 | 2,174 | -26 | -1.2 |
PRSI Receipts | 6,798 | 6,673 | 125 | 1.9 |
Other Revenue | 3,046 | 2,768 | 278 | 10.0 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 42,266 | 41,964 | 302 | 0.7 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other Taxes include Stamps, Capital Taxes, Motor Tax and Other Unallocated Tax Receipts. Other Revenue includes the National Training Fund, Other A-in-As, Non-Tax Revenue, and Capital Resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the cumulative performance of different revenue items of the Exchequer accounts. Of the main Exchequer tax heads, Corporation Tax has cumulatively over-performed thus far, while Excise Duties and—to a lesser extent—Income Tax and VAT are behind expectations. PRSI receipts continue to exceed expectations.](https://www.fiscalcouncil.ie/wp-content/uploads/2018/09/Exchequer_Returns_End-August_2018_performance_chart.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-July 2018 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 29,690 | 29,515 | 175 | 0.6 |
↳ Income Tax | 11,447 | 11,434 | 13 | 0.1 |
↳ VAT | 9,187 | 9,176 | 11 | 0.1 |
↳ Corporation Tax | 4,183 | 3,805 | 378 | 9.9 |
↳ Excise Duty | 2,997 | 3,199 | -202 | -6.3 |
↳ Other Taxes | 1,876 | 1,901 | -25 | -1.3 |
PRSI Receipts | 6,005 | 5,893 | 112 | 1.9 |
Other Revenue | 2,705 | 2,516 | 189 | 7.5 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 38,400 | 37,924 | 476 | 1.3 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other Taxes include Stamps, Capital Taxes, Motor Tax and Other Unallocated Tax Receipts. Other Revenue includes the National Training Fund, Other A-in-As, Non-Tax Revenue, and Capital Resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the cumulative performance of different revenue items of the Exchequer accounts. Of the main Exchequer tax heads, Income Tax, VAT and Corporation Tax have cumulatively over-performed thus far, whilst Excise Duties are behind expectations. PRSI receipts continue to exceed expectations.](https://www.fiscalcouncil.ie/wp-content/uploads/2018/08/Exchequer_Returns_End-July_2018_performance_chart.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-June 2018 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 24,939 | 24,774 | 165 | 0.7 |
↳ Income Tax | 9,743 | 9,651 | 92 | 1.0 |
↳ VAT | 7,101 | 7,170 | -69 | -1.0 |
↳ Corporation Tax | 4,033 | 3,698 | 335 | 9.1 |
↳ Excise Duty | 2,471 | 2,659 | -188 | -7.1 |
↳ Other Taxes | 1,591 | 1,596 | -5 | -0.3 |
PRSI Receipts | 5,124 | 4,983 | 141 | 2.8 |
Other Revenue | 2,468 | 2,292 | 176 | 7.7 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 32,531 | 32,049 | 482 | 1.5 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other Taxes include Stamps, Capital Taxes, Motor Tax and Other Unallocated Tax Receipts. Other Revenue includes the National Training Fund, Other A-in-As, Non-Tax Revenue, and Capital Resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![This graph shows the cumulative performance of different revenue items of the Exchequer accounts. Of the main Exchequer tax heads, Income Tax and Corporation Tax have overperformed thus far, whilst VAT and Excise Duties are behind expectations.](https://www.fiscalcouncil.ie/wp-content/uploads/2018/07/Exchequer_Returns_End-June_2018_performance.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-May 2018 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 20,544 | 20,466 | 78 | 0.4 |
↳ Income Tax | 8,090 | 8,109 | -19 | -0.2 |
↳ VAT | 6,916 | 7,021 | -105 | -1.5 |
↳ Corporation Tax | 2,081 | 1,834 | 247 | 13.5 |
↳ Excise Duty | 2,075 | 2,143 | -68 | -3.2 |
↳ Other Taxes | 1,382 | 1,359 | 23 | 1.7 |
PRSI Receipts | 4,304 | 4,230 | 74 | 1.7 |
Other Revenue | 2,092 | 1,931 | 161 | 8.3 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 26,940 | 26,627 | 313 | 1.2 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other Taxes include Stamps, Capital Taxes, Motor Tax and Other Unallocated Tax Receipts. Other Revenue includes the National Training Fund, Other A-in-As, Non-Tax Revenue, and Capital Resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![The graph shows that in end-May 2018 tax revenue and PRSI receipts have cumulatively over-performed by €152 million. While corporation tax and PRSI have been the larger contributors to this over-performance, VAT, Excise Duties and Income Tax have been cumulatively below profile.](https://www.fiscalcouncil.ie/wp-content/uploads/2018/06/Exchequer_Returns_End-May_2018_performance-1.png)
*Source: Department of Finance; and internal Fiscal Council calculations.
Exchequer Returns: End-April 2018 performance
€ million (cumulative), unless stated
Outturn | Forecast | Difference | Difference (%) | |
---|---|---|---|---|
Exchequer Tax | 14,738 | 14,938 | -200 | -1.3 |
↳ Income Tax | 6,536 | 6,609 | -73 | -1.1 |
↳ VAT | 4,844 | 4,876 | -32 | -0.7 |
↳ Corporation Tax | 618 | 637 | -19 | -3.0 |
↳ Excise Duty | 1,661 | 1,717 | -56 | -3.3 |
↳ Other Taxes | 1,079 | 1,099 | -20 | -1.8 |
PRSI Receipts | 3,488 | 3,433 | 55 | 1.6 |
Other Revenue | 1,124 | 1,171 | -47 | -4.0 |
Total (= Exchequer Tax + PRSI Receipts + Other Revenue) | 19,350 | 19,542 | -192 | -1.0 |
*Source: Department of Finance; and internal Fiscal Council calculations.
*Note: Other Taxes include Stamps, Capital Taxes, Motor Tax and Other Unallocated Tax Receipts. Other Revenue includes the National Training Fund, Other A-in-As, Non-Tax Revenue, and Capital Resources. PRSI and National Training Funds include their corresponding excess as indicated in the memo items.
![The graph shows the cumulative performance of Exchequer tax revenue and PRSI receipts to end-April 2018. It shows that, in April, the main tax heads have yielded receipts that were lower than previously forecast, whereas PRSI revenue is ahead of expectations.](https://www.fiscalcouncil.ie/wp-content/uploads/2018/05/Exchequer_Returns_End-April_2018_performance.png)
*Source: Department of Finance; and internal Fiscal Council calculations.