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UK tax receipts increase from previous year for first time since lockdown

News Team, 27/10/2020

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...


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