Another tax milestone was reached as the 31 January 2023 tax return submission deadline passed and the Treasury’s coffers were swelled by tax receipts due and paid by the end of the month.

The real question is by how much have those coffers been swelled? Monahans has discussed before that the result of Chancellor Jeremy Hunt’s Autumn Statement in 2022 would be that we will all pay more tax. But I am not sure any of us were aware just how much.

The tax receipt calculations for 2021/22 are, quite frankly, eye watering and this is before we know how much was actually paid in January. Or how Hunt’s Budget changes will pan out.

As for an attempt to answer that question, here goes.