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HMRC collects £470bn in taxes

Tags: Market Matters Archive, Market-Matters, Residential mortgages

Jan 23 2014

HM Revenue and Customs collected £470bn in taxes in 2012-13, according to their Monthly and annual historical record report.

Over the last decade Income tax, Capital Gains Tax and National Insurance Contributions have made up on average 55% of total receipts. VAT and Corporation Tax are the next biggest, contributing an average 19% and 9% of total receipts respectively.

Click here to view the full statistics: http://www.hmrc.gov.uk/statistics/receipts/info-analysis.pdf

January 23, 2014

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HMRC collects £470bn in taxes

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