Minister for Finance Simon Harris: the Government collected a record €10 billion in corporation tax in November, according to the latest exchequer returns. Photograph: Sam Boal/Collins PhotosThe Government collected a record €10 billion in corporation tax in November, according to the latest exchequer returns. The Government expects corporation tax receipts to hit €32 billion for the full year, providing it with another big surplus this year - in excess of €10 billion - despite significant overspending. November is a key month for the exchequer as it is the biggest month for corporation tax and also the last VAT-due month of the year. It noted that €9 in every €10 received in tax revenue last year was sourced from either income tax, corporation tax and VAT and that this concentration was “above the norms evident in other advanced economies”.
