Cookie Consent by Free Privacy Policy Generator HMRC reports record tax take - MPH Accountants & Business Advisors
HMRC reports record tax take

News

HMRC reports record tax take

HMRC received a total of £605.8bn in taxes to the year April
2018 which is up 5.4% from the previous year. 
Part of the figure includes: –

£186bn of income tax

£130.5bn n NI contributions

£218.6bn in VAT

£53.3bn in corporation tax

The only tax that HMRC saw a decrease over the year was for
capital gains tax which fell by 7.1% because of the reduction in the rate from
18% to 10% for non-higher rate taxpayers.

Up next

VAT Penalty Charges

Read Article
VAT Penalty Charges