skip to navigationskip to main content

Phone: 01892 539 000 

Email:

Choosing a Service

Choosing an accountant that matches your needs

What Our Clients Say

Read the reviews from some of our satisfied clients

icon-free-consultation

Free Initial Consultation

Understanding your tax strategy and accounting requirements

Request a Callback

Lets talk at a more convenient time for you

Treasury collects £10bn extra in Business taxes

Newsletter issue – May 2024

It has been revealed that companies across the UK have paid £95.2 billion in Business taxes in the financial year just finished (23/24) - a rise of £10.3 billion compared to the year before.

These taxes include receipts from Corporation Tax, Petroleum Revenue Tax, Bank Levy, Bank Surcharge, Diverted Profits Tax, Digital Services Tax, Residential Property Developer Tax, Energy Profits Levy, Electricity Generator Levy and Economic Crime Levy.

For all taxes across the board, total HMRC receipts for April 2023 to March 2024 were £827.7 billion, which is £39.1 billion higher than the same period last year. The figures were revealed by HMRC in one of its latest statistical round ups.

The latest data also contained information on PAYE income tax receipts, which were seen to grow by 11.4% year-on-year. But receipts from income tax collected via self-assessment declined slightly by 1% year-on-year.

If you need any advice on business tax at your organisation, do please get in touch.

Great reasons and promises we make to you which is why you should call us before deciding on your accountant.

Our Promises

We’re a dedicated team which strives to provide success to our clients in regards to all their accountancy needs.

Meet our team