Are taxes higher?

Total HMRC receipts: £937.8bn £ million, Year ending March 2026

Everything HMRC collected in the financial year across every tax and duty it administers, including payable tax credits, on a cash basis.

Income Tax receipts: £326.9bn £ million, Year ending March 2026

Income Tax received by HMRC in the financial year, gross of personal tax credits, covering PAYE, Self Assessment and smaller elements.

VAT receipts: £179.9bn £ million, Year ending March 2026

Value Added Tax received by HMRC in the financial year, net of repayments to businesses.

National Insurance receipts: £200.8bn £ million, Year ending March 2026

National Insurance Contributions received in the financial year, covering Classes 1, 1A, 1B, 2, 3 and 4.

Since the current government took office

Changes during a government do not by themselves show what it caused. Method.

What these figures don’t measure

Total HMRC receipts: Taxes HMRC does not collect: council tax, business rates, vehicle excise duty and the devolved taxes are raised elsewhere and are not in this total.

Income Tax receipts: Income Tax raised in Scotland under Scottish rates as a separate figure, or the tax due on a year's income rather than the cash received in the year.

VAT receipts: Who ultimately bore the tax. VAT is collected from businesses and passed on in prices to an extent this figure cannot show.

National Insurance receipts: What those contributions entitle anyone to. National Insurance is a tax on earnings; the state pension is paid from current spending, not from a fund built up by the payer.