Tax Data

Thursday, 18 December 2025

Questions (216, 348, 353, 356)

Seán Ó Fearghaíl

Question:

216. Deputy Seán Ó Fearghaíl asked the Tánaiste and Minister for Finance if he will report on corporation tax receipts, to date in 2025; and if he will make a statement on the matter. [69656/25]

View answer

Cormac Devlin

Question:

348. Deputy Cormac Devlin asked the Tánaiste and Minister for Finance if he will report on VAT receipts to date in 2025; and if he will make a statement on the matter. [69699/25]

View answer

Willie O'Dea

Question:

353. Deputy Willie O'Dea asked the Tánaiste and Minister for Finance his assessment of the performance of the public finances to date in 2025; the prospects for 2026; and if he will make a statement on the matter. [69697/25]

View answer

Seán Ó Fearghaíl

Question:

356. Deputy Seán Ó Fearghaíl asked the Tánaiste and Minister for Finance if he will report on income tax receipts, to date in 2025; and if he will make a statement on the matter. [69655/25]

View answer

Written answers

Tánaiste and Minister for Finance

I propose to take Questions Nos. 216, 348, 353 and 356 together.

The November Exchequer returns showed that, at a headline level, our public finances are in reasonably good shape.

Of course, tax revenues last year were heavily distorted by the once-off proceeds arising from the Court of Justice of the European Union decision, so for clarity I will exclude those receipts from the figures.

Tax revenues of €19.9 billion were collected in the month. That is up by €3½ billion or over 20 per cent on last year.

For the year to date, receipts amounted to €97 billion, up on last year by €7.3 billion, or a little over 8 per cent. Growth has been strong across almost all revenue streams, but particularly in the largest tax heads: income tax, VAT and corporation tax.

Income tax receipts to end-November stood at €33.7 billion, up by €1½ billion or just over 4½ per cent. This is a reflection of the continued resilience in our labour market.

November was the final VAT-due month of the year, with receipts standing at €22½ billion, which is €1.1 billion, or 5 per cent, up on last year – another demonstration of the fundamental strength of our economy.

The total amount of corporation tax received in November amounted to €10 billion. To put this in context, that is around the same amount we received in an entire year in 2018, just seven years ago. For the year to date, receipts stand at €29.4 billion, up by €3.8 billion or just under 15 per cent.

In Budget 2026 my Department projected a headline Exchequer tax revenue yield of €106.3 billion this year, rising to €109.2 billion next year. This was consistent with a projected Exchequer balance on Budget Day of just shy of €1 billion this year, and a deficit of €1.8 billion next year.

The Government Expenditure Ceiling has since been raised for 2025: all else equal this would result in a lower Exchequer position than set out on Budget Day. Nonetheless the General Government position, which is a more comprehensive metric, is expected to remain in surplus in both 2025 and 2026.

Taken as a whole, the tax performance to end-November was very much in line with expectations and consistent with the revised Budget 2026 revenue projections, suggesting we remain on track to reach around €106 billion in tax receipts this year.