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...
More on Tax planning
Garrett Harbron: Advice on getting retirement spending in (the right) order
'Forewarned is forearmed'
Trisha Siddique and Helen Barnett: CGT and divorce explained
Breaking up is hard to do
Mark Devlin: Pension contributions and relevant income explained
Complex calculations
Claire Trott: Extracting company profits with maximum efficiency
Three options available
Back to Top
More news
OMW's Mugridge on final migration: 'No champagne cork popping just yet'
Final migration this weekend
Industry Voice: Getting to grips with green bonds
Green bonds are one of the more visible sides of the increasing interest in environmental, social and governance (ESG) impacts on investing. The events of 2020 appear to have only accelerated this trend.
FCA expands exec team with four female appointments
Restructure at regulator
SJP plans 200 job cuts as pandemic hits pre-tax profits
2020 full year results