Income tax receipts rise despite closed businesses and unemployment

Income tax receipts rise despite closed businesses and unemployment
Exchequer returns also note Covid-fuelled welfare spend of €1.6bn
about 3 hours ago
 
One of the interesting details of April’s exchequer returns was the strength of the income tax receipts at a time when a large part of the economy remains shuttered and 571,111 people were classified by the Central Statistics Office as out of work in March.
Income tax brought in €2.12 billion last month, 3 per cent or €62 million ahead of profile, and 13 per cent up on the same month of 2020, which was effectively the first full month of our Covid-19 lockdown.

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