Total corporation tax intake soared by 64 percent in 2024, rising to a total outturn of €39 billion – largely as a result of Apple money paid out to Ireland as a result of a European court ruling last year.
The latest Exchequer Returns for the end of 2024 were published today by the Department of Finance, and reveal that tax receipts increased last year by 23 percent to a record €108 billion.
With the Apple windfall removed from the intake, corporation tax revenue rose by 18 percent to just over €28 billion.
Meanwhile, income tax was up by 6.6 percent to €35 billion, with VAT intake rising similarly by 7.3 percent to almost €22 billion.
Excise duties were up 12 percent to €6.3 billion.
The report shows that 2024 saw an Exchequer surplus of €12.8 billion, which comes in at €1.1 billion above the Budget forecast due to the receipts arising from the Apple tax money.
Gross voted expenditure last year equalled €103.7 billion, which was €9 billion up on 2023.