HMRC collected a record £21.9bn in self-assessment income tax receipts in January 2023, a 33% increase over January 2022, recent figures from the Office for National Statistics reveal. The overall tax take (for all taxes) for January 2023 hit £1.6bn, which was also the highest on record.
Total tax receipts for the period from April 2022 to January 2023 were £660bn, up £65bn compared to the same period 12 months earlier.
Dawn Register, BDO’s head of tax dispute resolution, said: ‘While January’s figures have boosted the public finances, what today’s figures don’t show is that the level of outstanding tax debt owed to the Exchequer also rose. The latest statistics released earlier this month show that tax debt rose by 22% year-on-year to reach £48bn as at the end of December 2022.
‘If HMRC were better resourced to tackle persistent and deliberate non-payers and prevent more tax avoidance, the public finances would be in a much better shape and the tax burden on those paying promptly could ease. This should be a priority for the Chancellor at the March Budget.’
HMRC collected a record £21.9bn in self-assessment income tax receipts in January 2023, a 33% increase over January 2022, recent figures from the Office for National Statistics reveal. The overall tax take (for all taxes) for January 2023 hit £1.6bn, which was also the highest on record.
Total tax receipts for the period from April 2022 to January 2023 were £660bn, up £65bn compared to the same period 12 months earlier.
Dawn Register, BDO’s head of tax dispute resolution, said: ‘While January’s figures have boosted the public finances, what today’s figures don’t show is that the level of outstanding tax debt owed to the Exchequer also rose. The latest statistics released earlier this month show that tax debt rose by 22% year-on-year to reach £48bn as at the end of December 2022.
‘If HMRC were better resourced to tackle persistent and deliberate non-payers and prevent more tax avoidance, the public finances would be in a much better shape and the tax burden on those paying promptly could ease. This should be a priority for the Chancellor at the March Budget.’
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