Ireland's tax revenues plunge €800 million below expectations due to coronavirus

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The latest Exchequer figures show a huge hole in the country's finances

Ireland's tax revenues have plunged by 800 million euro below expectations as the Government battles to deal with the Covid-19 health crisis.

The tax revenues in March were nearly 1 billion euro lower than March last year, a decline of more than 20%. This was due to a steep decline in VAT receipts as a result of non-payment arising from the Covid-19 crisis.

 

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