At €26.7 billion, income tax receipts have recovered to above pre-pandemic levels reflecting inter alia the ongoing recovery in the labour market, alongside the strength of wages in sectors less affected by the pandemic. Reflecting the rebound in consumer spending, VAT receipts were €15.4 billion, up 24 per cent on the same period in 2020 (though year-on-year comparisons are affected by significant levels of tax warehousing in 2020). Corporation tax receipts remained very strong last year at €15.3 billion, up almost 30 per cent on 2020, largely due to significant export sales and profitability in the life sciences/pharma and ICT sectors. As a result, corporation tax receipts are now at similar levels to VAT and account for over 22 per cent of total tax revenue.