Fiscal watchdog is upbeat that ‘surprising’ income tax haul can be sustained                  

The independent watchdog that by law monitors the Government’s budget plans said  the increase in income tax revenues has been “surprising” but could likely continue nonetheless.

In new research, the Irish Fiscal Advisory Council, or Ifac, said that income tax receipts generated revenues last year of €26.7bn, some €4bn more than anticipated from this single tax source.