TaxCorporate TaxHMRC receipts tumble in 2009

HMRC receipts tumble in 2009

Tax receipts fall to £397bn for 2009/2010, says HMRC

The taxman has reported it lowest annual receipts since 2004/2005.

HM Revenue
& Customs
brought in £397bn for 2009/2010, compared to £439bn a
year earlier.

VAT and corporation tax receipts tumbled, to £67bn and £33bn respectively,
from £78bn and £43bn. Income tax receipts fell to £134bn from £148bn.

The figures were consistent with those announced at the pre-Budget report,
said HMRC.

Further reading:

Darling
can’t afford a nakedly political Budget

Cameron
ready to halt NI plans

Darling
holds off cuts with eye to election

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