HMRC’s total tax take hit £47 billion in September 2020, £4 billion more than in September 2019, when £43 billion in tax was taken.
This is the first time since February that HMRC’s total tax receipts for a single month were higher than for the corresponding month last year.
Tax and advisory firm Blick Rothenberg argued that the increase was mainly supported by a £3.3 billion increase in Corporation Tax receipts and increases in PAYE (+£572 million) and NIC (+£731 million) receipts.
Paul Haywood-Schiefer, a manager at the firm, warned that while these figures are positive, “it is important not to r...