I am advised by Revenue that a complete analysis of 2020 Corporation Tax receipts will be provided when tax receipts for the year are fully collected and analysed. Due to the role of large companies in annual receipts and the varying payment timelines for Corporation Tax, receipts for the first six months may not offer a reliable guide to the final 2020 outturn.
Revenue has also advised me that, based on the available information in respect of Corporation Tax receipts at the end of June 2020, the four sectors responsible for the bulk of the Corporation Tax receipts were ahead of profile. The relevant sectors are Information & Communications, at 38% of receipts, Manufacturing, at 26% of receipts, Finance & Insurance at 17% of receipts, and Administrative & Support Services, at 10% of receipts.
These sectors were also the most significant at the same period in 2019.