UK Markets close in 1 hr 55 mins

Ireland set for record corporate tax haul again in 2019

DUBLIN, Nov 13 (Reuters) - Ireland expects to collect more than 11 billion euros from corporate tax receipts in 2019, significantly higher than the 9.5 billion it had penciled in at the start of the year, Finance Minister Paschal Donohoe said on Wednesday.

Corporate tax receipts have more than doubled since 2012, mainly boosted by Ireland's large cluster of multinational firms, and last year hit a record high of 10.4 billion euros which Donohoe's department had expected to moderate.

"We expect to collect in excess of 11 billion euro in corporate tax receipts, that will be around 19 to 20 percent of all tax that we collect in our country," Donohoe told Irish national broadcaster RTE. (Reporting by Padraic Halpin; Editing by Toby Chopra)