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Self-assessment receipts boost government coffers

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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