Total tax receipts have hit £553.2bn so far this year, up £48bn on the same period a year earlier, with a £1.7bn boost from the windfall tax on energy producers
In December, the tax take hit £62.4bn, up from £55.5bn in November, with more than half the revenue coming from employment taxes. So far this year, tax receipts are up by 9.5% from £505bn for the period April to December 2022, reflecting across the board tax rises.
The main contributors were income tax, capital gains tax and National Insurance contributions (NICs) (£34bn), business taxes (£9.4bn) and stamp taxes (£1.8bn).
The rising tax burden on workers has resulted in a sharp increase in revenue generated from income tax, including PAYE, up from £31.4bn to £35.4bn since last December. The pressure from higher taxes will only get worse as personal tax free thresholds remain frozen until 2028.
