Figures released by the Irish Department of Finance for January have revealed that the tax collection slump which began in 2001 is still very much in evidence.
The figures show that the amount of tax collected by the government last month was 10% lower than last year's total, and 15% lower than the amount collected in January 2001.
The recently published Exchequer figures revealed that receipts for corporate taxes, customs and excise duties, and capital taxes were all lower than expected last month.
However, VAT revenue was up by around 30% as a result of strong activity over the Christmas period and the January sales, and also as a result of increases contained in Charlie McCreevy's December budget.
Stamp duty collection was also up in January, reflecting increased interest in the property market.
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