Corporation tax take in September soars as companies pay bills early
Ireland's government reports a significant increase in corporation tax receipts for September, largely due to early payments by companies. While this boosts current Exchequer returns, officials note it is a timing anomaly that will likely lead to lower receipts in subsequent months.
Why it matters
The volatility of corporation tax receipts is a critical factor in Irish fiscal planning and the government's ability to fund public services and infrastructure in the upcoming budget.
PRE-BUDGET PROJECTIONS PREDICT an end-year Exchequer deficit of €1.4 billion this year but a €4.4 billion surplus at the end of 2027.
The figure has been forecast as the government published the White Paper for estimates on receipts and expenditure for the year ahead of the budget on Tuesday.
The figures in the White Paper do not include any new policy measures to be announced as part of the 2027 budget process.
The broader measure of the general government balance predicts a €6.8 billion surplus this year, rising to €13.5 billion next year.
The White Paper also suggests that corporation tax receipts for the year will be €34.09 billion – down from the €35.29 billion projection in April’s fiscal monitor.
It projects the take will be €39.045 billion in 2027.
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