Irish tax receipts continue to grow as fallout from Trump tariffs looms

Exchequer surplus reached €4.1bn in the first quarter — boosted by €3bn in Vat and €1.94bn in corporation tax in March alone

Finance minister Paschal Donohoe. Despite Ireland's continued positive exchequer returns,  the global trade environment was upended on Wednesday by Donald Trump's tariffs. Picture: Stephen Collins

The Government recorded a surplus of €331m during March, a 4% increase compared to last year, as higher Vat returns offset a drop in income tax receipts, new exchequer returns data shows.

During March, the Government took in just over €3bn in Vat, an increase of €188m, while income tax receipts fell by €23m to €2.56bn. Corporation tax increased by €88m year-on-year to just under €1.94bn.