HMRC collects record £191bn in income tax

Pedro Gonçalves
clock • 2 min read

The taxman is raking in record amounts in income tax as the latest figures reveal Britons paid an extra £11bn in 2018/19. Income tax receipts have soared to a record £191bn, according to figures published, a 6% increase from the previous year. Britons are paying almost 30% more income tax today than a decade ago. An estimated £31.5bn of this comes from self-assessment income tax receipts, which were almost 12% higher than in 2017-18.  HM Revenue & Customs said this large jump was partly driven by changes in dividend taxation rules.   Tom Selby, senior analyst at inve...

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