Self-assessment receipts boost government coffers
UK surplus climbs in January, as self assessment receipts higher than last year
UK surplus climbs in January, as self assessment receipts higher than last year
A RISE in self-assessment tax return receipts have boosted the UK government finances.
A surplus of £8.8bn was recorded for January 2015, up from £6.5bn a year earlier.
Self-assessment receipts were £12.3bn, up £1.7bn than in January 2014, according to the Office for National Statistics.
Net debt, excluding public sector banks, stood at £1.46trn in January, 79.6% of GDP. The debt had climbed £86bn from a year earlier.
The government’s borrowing for the financial year is currently £6bn lower than last year, with it on track to meet its £91.3bn borrowing target for the period.
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