Almost half of rise in tax receipts to come from national insurance
Accountancy Age, 12 Mar 2008
Government tax receipts will increase by £22bn in the year 2008-2009, according figures put out by the Treasury in its Budget red book.
The biggest rise in receipts is expected from national insurance, predicted to produce an extra £10bn for the Treasury because of an increase in the upper earnings threshold.
Corporate tax receipts are expected to rise by £2bn and income tax by £3bn. VAT is due to rise by £4bn.
Total government tax receipts for the current year should reach £575bn.
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