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1. www.gov.uk › government › statisticsHMRC tax receipts and National Insurance contributions for ...

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   Oct 22, 2024 · Income Tax, CGT and NICs receipts for April 2024 to September 2024 are £226.8 billion, which is £6.2 billion higher than the same period last year. PAYE IT and NICs receipts for April 2024 to...

2. www.gov.uk › government › statisticsHMRC tax receipts and National Insurance contributions for ...

   www.gov.uk › government › statistics

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   Oct 22, 2024 · receipts in the tax year 2023 to 2024 are £829.1 billion; Income Tax, Capital Gains Tax and National Insurance contributions

   • This release provides an annual record of receipts over the last 20 years from tax and duties, National Insurance Contributions (NICs), and fines a...
   • Total annual receipts in the tax year 2022 to 2023HMRC collected £788.8 billion in taxes in 2022 to 2023, an increase of 10.2% from the year before...
   • This section includes Corporation Tax, Petroleum Revenue Tax, Bank Levy (from 2011 to 2012), Bank Surcharge (from 2016 to 2017), Diverted Profits T...

3. www.gov.uk › hm-revenue-customs-receiptsHM Revenue & Customs receipts statistics - GOV.UK

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   Oct 7, 2013 · HM Revenue & Customs receipts statistics. This series looks at the taxes and national insurance contributions collected by HM Revenue & Customs (HMRC), and paid over to the Government.

4. www.tax.org.uk › national-insurance-explainer-oct24National insurance explainer (Budget October 2024 update)

   www.tax.org.uk › national-insurance-explainer-oct24

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   1 day ago · Class 3 NICs are charged at a weekly flat rate, set at £17.45 for 2024/25. This will increase to £17.75 for 2025-26. Alternatively, the self-employed with profits under the lower annual profits limit may pay voluntary Class 2 NICs at a rate equivalent to £3.45 per week (to increase to £3.50 for 2025-26).

5. obr.uk › forecasts-in-depth › tax-by-tax-spend-byNational Insurance Contributions (NICs) - Office for Budget ...

   obr.uk › forecasts-in-depth › tax-by-tax-spend-by

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   Apr 5, 2024 · In 2024-25 we forecast National Insurance contributions (NICs) to raise £168.1 billion. That represents 14.8 per cent of all receipts and is equivalent to around £5,800 per household and 6 per cent of national income. The main reason that NICs are the second-biggest source of revenue (after income tax) is that personal income makes up the ...

6. www.which.co.uk › money › taxIncome tax calculator 2024-25 - Which?

   www.which.co.uk › money › tax

   This handy calculator will show you how much income tax and National Insurance you'll pay in the 2024-25, 2023-24, 2022-23 and 2021-22 tax years, as well as how much of your salary you'll take home.

7. People also ask

   How much NICs & income tax receipts are in August 2024?

   • Income Tax, CGT and NICs receipts for April 2024 to August 2024 are £194.4 billion, which is £5.4 billion higher than the same period last year. PAYE IT and NICs receipts for April 2024 to August 2024 are £179.7 billion, which is £5.1 billion higher than the same period last year. The latest receipts in August largely relate to July liabilities.

   HMRC tax receipts and National Insurance contributions for the UK

   www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk/hmrc-tax-receipts-and-national-insurance-contributions-for-the-uk-new-monthly-bulletin

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   How much money did HMRC pay NICs in April 2024?

   • PAYE IT and NICs receipts for April 2024 to August 2024 are £179.7 billion, which is £5.1 billion higher than the same period last year. The latest receipts in August largely relate to July liabilities. Estimates on earnings and employment are available in HMRC ’s published statistics.

   HMRC tax receipts and National Insurance contributions for the UK

   www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk/hmrc-tax-receipts-and-national-insurance-contributions-for-the-uk-new-monthly-bulletin

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   How much are business tax receipts in 2024?

   • Business Taxes receipts for April 2024 to August 2024 are £30.1 billion, which is £3.4 billion higher than the same period last year. Figure 4 above shows the monthly receipts pattern in each financial year since 2021 to 2022 and shows:

   HMRC tax receipts and National Insurance contributions for the UK

   www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk/hmrc-tax-receipts-and-national-insurance-contributions-for-the-uk-new-monthly-bulletin

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   Who contributes the most to tax receipts in 2023 & 2024?

   • During 2023 to 2024, receipts from Income Tax (IT), Capital Gains Tax (CGT) and NICs combined accounted for 57% of annual receipts. Over the last decade, IT, CGT, NICs and AL made up on average 55% of total annual receipts with VAT and business taxes the next largest contributors, contributing an average 21% and 10% of total receipts respectively.

   HMRC tax receipts and National Insurance contributions for the UK

   www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk/hmrc-tax-receipts-and-national-insurance-contributions-for-the-uk-new-annual-bulletin

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   How much tax did HMRC collect in 2023?

   • Detail on methodology, quality and other information, useful websites and links are published in the quality report for HMRC tax receipts and National Insurance contributions for the UK. HMRC collected £829.1 billion in taxes in 2023 to 2024, an increase of 5.1% from the year before.

   HMRC tax receipts and National Insurance contributions for the UK

   www.gov.uk/government/statistics/hmrc-tax-and-nics-receipts-for-the-uk/hmrc-tax-receipts-and-national-insurance-contributions-for-the-uk-new-annual-bulletin

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   Why are NICs the second-biggest source of revenue?

   • The main reason that NICs are the second-biggest source of revenue (after income tax) is that personal income makes up the majority of total national income. NICs are only levied on the labour income (the wages and salaries of employees and earnings of the self-employed) element of personal income.

   National Insurance Contributions (NICs) - Office for Budget Responsibility

   obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/national-insurance-contributions-nics/

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8. commonslibrary.parliament.uk › research-briefingsAutumn Budget 2024: A summary - House of Commons Library

   commonslibrary.parliament.uk › research-briefings

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   2 days ago · Selected tax announcements Employer NICs. The employer NICs rate will be increased from 13.8% to 15% from April 2025, when the threshold above which employer NICs is paid will additionally be reduced from £9,100 a year to £5,000 a year. For some employers, increases will be at least partly mitigated by increases to the employment allowance.