5 July 2024 – present
Tax during the Labour 2024– government
Summary
| Metric | Level when government took office | Latest | Change during government |
|---|---|---|---|
| Total HMRC receiptsHMRC · £ million | £828.6bnYear ending March 2024 | £937.8bnYear ending March 2026 | ↑ 13.2%+£109.2bn · 2 periods |
| Income Tax receiptsHMRC · £ million | £275.3bnYear ending March 2024 | £326.9bnYear ending March 2026 | ↑ 18.8%+£51.7bn · 2 periods |
| National Insurance receiptsHMRC · £ million | £179.2bnYear ending March 2024 | £200.8bnYear ending March 2026 | ↑ 12.1%+£21.6bn · 2 periods |
| VAT receiptsHMRC · £ million | £168.4bnYear ending March 2024 | £179.9bnYear ending March 2026 | ↑ 6.8%+£11.5bn · 2 periods |
| Corporation Tax receiptsHMRC · £ million | £85.7bnYear ending March 2024 | £95.1bnYear ending March 2026 | ↑ 11.0%+£9.4bn · 2 periods |
| Capital Gains Tax receiptsHMRC · £ million | £14.5bnYear ending March 2024 | £24.3bnYear ending March 2026 | ↑ 67.7%+£9.8bn · 2 periods |
| Inheritance Tax receiptsHMRC · £ million | £7.5bnYear ending March 2024 | £8.5bnYear ending March 2026 | ↑ 12.9%+£968m · 2 periods |
| Stamp Duty Land Tax receiptsHMRC · £ million | £11.6bnYear ending March 2024 | £15.2bnYear ending March 2026 | ↑ 30.5%+£3.5bn · 2 periods |
| Fuel duty receiptsHMRC · £ million | £24.9bnYear ending March 2024 | £24.6bnYear ending March 2026 | ↓ 1.5%−£365m · 2 periods |
| Tobacco duty receiptsHMRC · £ million | £8.8bnYear ending March 2024 | £7.6bnYear ending March 2026 | ↓ 14.1%−£1.2bn · 2 periods |
| Central government receiptsONS · £ million | £81.1bnJune 2024 | £104.3bnJuly 2026 | ↑ 28.7%+£23.3bn · 25 periods |
Total HMRC receipts
Inherited Year ending March 2024: £828.6bn £ million. Latest Year ending March 2026: £937.8bn.
Income Tax receipts
Inherited Year ending March 2024: £275.3bn £ million. Latest Year ending March 2026: £326.9bn.
National Insurance receipts
Inherited Year ending March 2024: £179.2bn £ million. Latest Year ending March 2026: £200.8bn.
VAT receipts
Inherited Year ending March 2024: £168.4bn £ million. Latest Year ending March 2026: £179.9bn.
Corporation Tax receipts
Inherited Year ending March 2024: £85.7bn £ million. Latest Year ending March 2026: £95.1bn.
Capital Gains Tax receipts
Inherited Year ending March 2024: £14.5bn £ million. Latest Year ending March 2026: £24.3bn.
Inheritance Tax receipts
Inherited Year ending March 2024: £7.5bn £ million. Latest Year ending March 2026: £8.5bn.
Stamp Duty Land Tax receipts
Inherited Year ending March 2024: £11.6bn £ million. Latest Year ending March 2026: £15.2bn.
Fuel duty receipts
Inherited Year ending March 2024: £24.9bn £ million. Latest Year ending March 2026: £24.6bn.
Tobacco duty receipts
Inherited Year ending March 2024: £8.8bn £ million. Latest Year ending March 2026: £7.6bn.
Central government receipts
Inherited June 2024: £81.1bn £ million. Latest July 2026: £104.3bn.