growth in receipts of £3.3 billion in the tax year April 2020 to March 2021 (a relatively small increase of 1.0%) is likely dampened by a combination of reduced economic activity leading to lower tax liabilities and deferral and non-payment of liabilities during the COVID-19 pandemic.from January to April, monthly receipts are also at higher levels as they typically capture PAYE bonus-related receipts, particularly from the financial sector.receipts peak in July and January each year, reflecting the bi-annual due dates for SA.Comparisons against the same period last year are not representative due to payments deferred from the July 2020 until January 2021.įigure 2 above contains the monthly receipts patterns in each tax year since 2017 to 2018 and shows: Receipts from Self-Assessment Income Tax, CGT and NICs for April 2021 to September 2021 are £14.4 billion, which is £7.6 billion higher than in the same period a year earlier. This represents the fourth month of year-on-year growth in paid employees observed since March 2020. Receipts in September largely relate to August liabilities, and early estimates in HMRC’s published statistics on earnings and employment shows the number of paid employees increased by 3.0% (which is a rise of 836,000 employees), while median monthly pay increased by 5.3% compared with the same period of the previous year. Receipts from PAYE Income Tax and NIC1 for April 2021 to September 2021 are £165.8 billion, which is £18.2 billion higher than in the same period a year earlier. Total receipts for April 2021 to September 2021 are £182.9 billion, which is £28.0 billion higher than in the same period a year earlier. Income Tax, Capital Gains Tax & National Insurance Contributions, & Apprenticeship Levy This bulletin includes monthly receipts (on a cash basis) for the last five tax years from tax and duties, NICs, and fines and penalties that HMRC are responsible for collecting.įurther background on the methodology, release and quality of these statistics can be found in the quality report for HMRC Receipts on GOV.UK. in percentage terms, receipts were higher from Stamp Taxes (66%), Hydrocarbon Oils (32%), Corporation Tax (30%), Inheritance Tax (29%), and Income Tax, Capital Gains Tax & NICs (18%)Ģ.cash receipts were higher from Income Tax, Capital Gains Tax & National Insurance Contributions ( NICs) & Apprenticeship Levy (£28.0 billion), Corporation Tax (£6.9 billion), Hydrocarbon Oils (£3.2 billion) and Stamp Taxes (£3.4 billion).cash receipts were higher from VAT by £47.3 billion mainly due to the VAT payment deferment policy and in percentage terms, receipts were substantially higher though this is not shown in figure 1.
Figure 1 above provides a comparison of total HMRC receipts for April to September 2021, compared to the same period in the year before in both percentage and monetary terms and shows:
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