HRMC’s monthly tax receipt publication shows a strong growth of collection across all taxes with the total receipts for income tax, capital gains tax, and national insurance contributions (NICs), and apprenticeship levy sitting £35.6bn or 15% higher than the same period last year at £269.2bn.

Corporation tax collection, which includes corporation tax, bank levy, bank surcharge, petroleum revenue tax, and diverted profits tax, grew by 28%, which is around £11bn, taking the figure to £50.4bn.

The receipts for PAYE income tax and Class 1 NICs sat at £246.8bn which is £24.6bn higher, with the number of paid employees also grew by 4.3% which is an increase of around 1.3m people. Receipts from self assessment income tax and NICs for April to December 2021 also rose by £7.8bn to £18.2bn.

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