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.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceATT technical officer, David Wright, considers the implications of HMRC’s decision to remove employees with income between £100,000 and £150,000 from ...
View articleAre taxpayers aware of their self-assessment obligations before they come to you? In a consultation due to close shortly, HMRC is looking at whether t...
View articleWith just a matter of days to go, tax advisers offer a reminder of the applicable penalties and how to avoid them Read More...
View articleThe Low Incomes Tax Reform Group (LITRG) has urged HMRC to clarify changes around income allowances that will come into force next year to prevent con...
View articleA thorough government review into the efficiency of HMRC is badly needed, the president of the ATT has claimed Read More...
View articlePanama Papers anonymous whistleblower 'John Doe' reaches out to government authorities, and has called on global powers to 'end financial secrecy' Rea...
View articleAround nine in ten tax payers use HMRC's online self-assessment service to calculate and pay the tax they owe Read More...
View articleIntroduction of quarterly digital tax accounts for small businesses and self-employed gets parliamentary hearing Read More...
View article