Government revenues jump by €2.4bn 

Figures suggest Russian invasion of Ukraine is having little to no effect on Government tax revenues

Vat receipts, which brought in almost €2.5bn in the month, were up by €655m from a year ago.

Government revenues soared by €2.4bn in March from a year ago as the three big tax sources – Vat, income and corporation tax – all delivered in the month, the latest exchequer figures show.

Total tax revenues climbed to €7.1bn, or by 52% from the €4.7bn collected in March 2021 reflecting the lifting of the Covid restrictions that were in place at that time last year.