The Department of Finance and the Department of Public Expenditure and Reform have published the Fiscal Monitor for April 2025 which confirms an exchequer surplus of €2.8 billion to the end of April. This compares to a deficit of €1.2 billion recorded for the same period last year.
Tax receipts collected to the end of April were €28.6 billion, which was €3.8 billion ahead of the same period last year. Excluding the once off receipts from the Court of Justice of the European Union (CJEU) judgement in the Apple State Aid case, total receipts amounted to €26.8 billion, an increase of €2.1 billion from the same period in 2024.
Income tax receipts for the month of April were €3.5 billion which was €0.2 billion ahead of April 2024 receipts. On a year-to-date basis, receipts to the end of April of €11.7 billion were up by €0.5 billion (4.8 per cent), when compared to April 2024.
As noted in the Fiscal Monitor, April is not a significant month for corporation tax receipts; receipts of €0.1 billion were collected in the month. On a cumulative basis, receipts of €4.9 billion were up by €2.2 billion on the same period last year. When the once-off CJEU receipts are excluded, cumulative corporation tax receipts to April 2025 amounted to €3.2 billion, ahead of the same period last year by €0.5 billion.
April is a non-VAT due month and receipts in the month of €0.3 billion were down slightly on the same month last year by €38 million. Cumulative receipts of €7.9 billion were ahead by 6 percent on end-April last year.
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