Tax Yield

Dáil Éireann Debate, Thursday - 13 June 2013

Thursday, 13 June 2013

Questions (58)

Pearse Doherty

Question:

58. Deputy Pearse Doherty asked the Minister for Finance the reason less VAT was collected than expected as per the end of May Exchequer statement. [28400/13]

Written answers

Minister for Finance

VAT receipts to end-May, at €4,994 million, were €117 million (2.3%) below profile and €15 million (0.3%) up year-on-year. The Revenue Commissioners have made my Department aware that the shortfall recorded in the first five months of the year is largely attributable to receipts from VAT on imports, and not VAT internal receipts, which are more closely related to domestic economic activity. I would like to assure the Deputy that my Department is continuing to monitor the situation closely.