Figures released by the Irish Department of Finance on Tuesday show that the tax take in January increased sharply on the previous year, despite the fact that December 2003 closed with a deficit.
According to the Finance Department, total receipts to the end of January came in at EUR3.381 billion (of which the tax take comprised EUR3.167 billion), compared to EUR3.096 billion for the first month of 2003. This left the government with a surplus of EUR483.675 for the month.
Factors behind January's increased tax take included a 174% increase in capital gains tax revenue, which contributed EUR67.788 million), and a 7% boost in value added tax collection, which brought in EUR1.608 billion.
Income tax revenue was also up 15% to EUR820.621 million in January, with corporate taxes bringing in 17% more for the government purse at EUR61.468 million.
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