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News · 2 April 2026

HMRC Collects Record £860.7 Billion in Tax This Year

HMRC Collects Record £860.7 Billion in Tax This Year

Photo by Mathias Reding on Pexels

Frozen income thresholds have pushed more workers into higher tax bands, driving a big jump in government revenue. Gross tax and National Insurance receipts between April 2025 and February 2026 hit £860.7 billion, up £72.6 billion on the same period last year. Income Tax, Capital Gains Tax, and National Insurance Contributions all drove the increase.

By BriefTea Editorial ·

Reported by Primary Finance Group · How we write briefs

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