TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Tax revenues reached a plateau

Tax revenues reached a plateau during 2018 which ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. This is according to the studies from the OECD.

Revenue Statistics 2019 provides data on government tax revenues from 1965 to 2018, including the tax to GDP ratio, revenues collected by central, state and regional governments, and the relative importance of personal and corporate income tax, social security contributions and taxes on goods and services in the tax mix. The tax-to-GDP ratio in Ireland decreased by 0.2 percentage points from 22.5 percent in 2017 to 22.3 percent in 2018 and was ranked 34th out of 36 member states in term of tax-to-GPD in 2018. The OECD average tax-to-GPD increased from 34.2 percent in 2017 to 34.3 percent in 2018.