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