Income tax revenue reduces as number of high earners falls

Income tax revenue from high earners fell by 4.4% in 2013 due to a sharp decrease in the number of high net worth individuals liable for such tax.

An analysis by the Revenue Commissioners of the High Income Individuals’ Restriction shows that 904 high-wealth individuals paid income tax under the measure in 2013 — a decrease of 146 on the previous year.

Income tax paid by such wealthy businesspeople fell by €2.72m to €60.4m.