Income tax revenue continues to hold up despite Covid-19 lockdown, new figures show

The level 5 lockdown has closed off large parts of the economy. Picture: Dan Linehan

Supports under the Wage Subsidy Scheme and Pandemic Unemployment Payment continue to help boost the amount the Government is collecting in income tax revenues, while Vat receipts continue to fall well short, the latest monthly exchequer returns show.

The Government collected €1.75bn in income tax revenues in February, only a little lower than the amount gathered from the same major tax source in February 2020, just before the onset of the Covid-19 economic crisis.