The End November Exchequer Returns were released today by the Departments of Finance and Public Expenditure and Reform.

Commenting on the exceptionally strong tax receipts, Finance Minister Michael Noonan said:

The Exchequer Statement for end November shows a strong performance across all major tax heads. With one month remaining in 2015, €41,972 million in tax revenue has been collected, €2,942 million ahead of target and up €3,815 million when compared to the same period last year. As has been the trend throughout the year, Corporation Tax receipts have been particularly strong, finishing the month €312 million or 24% above target. The Revenue Commissioners have advised me that this over-performance is primarily related to improve trading conditions and is broad based. November is an important month for VAT returns, and when compared to the same period last year, receipts are now up €934 million or 8.6%. This is a reflection of improved consumer confidence and increased retail sales for the year to date.

Public Expenditure and Reform Minister Brendan Howlin: