Tax receipts rise

Posted on 15 Apr 2022
Share Blog Post
Tax take increases £84.7bn as economic effect of pandemic recedesBetween April and August 2021 HMRC collected £280.4bn worth of tax which is £84.7bn more than this period last year as the economy began to recover post pandemic.Tax receipts collected by HMRC continue to rise with lockdown restrictions entirely eased and financial support either stopped or wound down.The total receipts for April to August 2021 for income tax, capital gains tax, National Insurance contributions, and apprenticeship levy were £154.8bn (£25.2bn higher than in the same period a year earlier). Receipts from PAYE, income tax and NICs were £139.1bn and this is £16.2bn higher than last year. The tax receipts for self-assessment were £13.6bn, which is a rise of £7.2bn from last year.

View more blog posts

Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Lending gap stifles UK SME's
Posted on 30 Apr 2025
Lending gap stifles UK SME's
read more
Costly tax compliance
Posted on 23 Apr 2025
Costly tax compliance
read more
SME owners flee UK in droves
Posted on 16 Apr 2025
SME owners flee UK in droves
read more
Back To Top
01604 660661