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Crippled businesses welcome lifeline measures in recovery plan

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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