The Clare Champion Clare news, sport, entertainment and local notes
Revenue collected €45.79 billion for the Exchequer last year, an increase of 10.6% on 2014, it has been confirmed. This is the fifth successive annual increase in returns to the Exchequer and the second highest figure for net receipts in the history of the State (only 2007 was higher, at €47.5 billion). Almost all taxes and duties recorded substantial increases with Corporation Tax up 49%, Capital Gains Tax up 28%, and VAT up 7%.” Referring to a strong voluntary compliance culture, Niall Cody, chairman of the Revenue Commissioners, acknowledged the contribution of individual taxpayers, businesses and tax and customs practitioners in the achievement of these results. “I am pleased to report that, for all taxes, the overwhelming majority of customers continue to pay and file on time,” he said at the launch of Revenue’s 2015 annual report. Speaking about Revenue’s objective to provide more services through digital channels, Mr. Cody highlighted some of the advances made during 2015. Turning to …
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