Income tax payments up

Posted on 26 Sep 2013
Share Blog Post

 Income tax payments up

The Treasury collected £148.8bn in income tax in the 2016-17 tax year. The figure - up 5.3% on the year before - was driven by a rise in tax payments via self-assessment, which jumped by 17%, or £4.2bn. Meanwhile, HMRC figures reveal there were 121,300 registered non-doms in the UK 2014-15. Together they paid a total of £9.3bn in income, NI and capital gains taxes. In total, 85,400 of the registered non-doms were UK residents in 2014-15, meaning that on average they each paid about £105,000 to HMRC. Non-doms based in London and the southeast contributed 86% of all the tax paid by these people, according to the data.

Independent (01/09)    

View more blog posts

New audit regulator
Posted on 24 Jul 2024
New audit regulator
read more
Plea to simplify tax
Posted on 17 Jul 2024
Plea to simplify tax
read more
New National Wealth Fund launched
Posted on 10 Jul 2024
New National Wealth Fund launched
read more
Tax freezes hit hard
Posted on 03 Jul 2024
Tax freezes hit hard
read more
Back To Top
01604 660661