Positive Exchequer Returns the Finale for a Remarkable Year in Ireland’s Recovery

The 2015 end of year Exchequer Returns released today (05/01/16) are the culmination of a year of exceptionally strong economic performance. Corporation tax receipts for the year were exceptional at 50.2% against profile, but importantly the strong performance of income tax and VAT receipts show real improvement in the domestic economy.

Ian Talbot, Chief Executive, Chambers Ireland commenting on the figures said, “The positive Exchequer Returns 2015 is a fitting finale for a remarkable year in Ireland’s economic recovery and position us strongly for growth in 2016. Crucially, further strong receipts from income tax in December demonstrate the ongoing increase in employment levels.”

“Despite these strong figures, it is important that we remain cognisant of the weaknesses manifesting themselves in the wider global economy and the Irish economy’s reliance on international demand. The priority for both this Government and the next must be to focus on reducing our debt burden and using the growing tax revenue to invest in the capital infrastructure necessary to support future economic growth.”

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For further information contact Susan McDermott, Chambers Ireland on 01 400 4331, 086 6081605 or email susan.mcdermott@www.chambers.ie. 

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