Gross tax receipts have surpassed the last years take by £28.1bn reaching a high of £857bn as stamp taxes, inheritance tax, and income tax takes increase drastically
In total HMRC’s tax receipts have risen to £857bn, compared with £828.1bn in 2023/24. The total tax take was only £633.0bn pre Covid in 2019-20, up a staggering £200bn in just five years. The figure has more than doubled over the past two decades.
Property buyers were in a rush to get their purchases over the line in March, which shows in the stamp duty land tax data as there was almost £600m (23% rise) more paid in March 2025 than there was in 2024.
Last month £1.4bn was paid in stamp duty land tax, the highest this figure has been in March since 2022 when it reached £1.34bn. It’s no surprise transactions were high due to stamp duty thresholds being changed from the beginning of this month.
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