HMRC’s tax statistics show a 7.22 percent overall increase over the last 12 months, equivalent to £39.3 billion.

Accounting, tax and advisory practice Blick Rothenberg noted that all of the ‘main’ taxes, including income, corporate, NIC, SLDT and VAT, have contributed to the rise.

Assistant manager at the firm, Paul Haywood-Schiefer, said the total tax take has been “buoyed by a 19.13 percent increase in corporation tax which has brought in a further £8.5 billion to the Treasury’s coffers and...