VAT now comprises a fifth of HMRC's tax intake
VAT receipts up 60% in 10 years
"Falling receipts post-Brexit would certainly be a concern for the Treasury" - UHY Hacker Young's Sean Glancy
VAT receipts made up 21% of HMRC's total tax income in 2017/18, according to accountancy group UHY Hacker Young - up from 18% in 2008/09.
The total amount of VAT collected has rocketed up 60% over the last 10 years - up to £125bn in 2017/18, from £78bn in 2008/09. The accountancy group said the statistics highlighted how the UK tax burden...
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