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The Independent UK

Business

Vicky Shaw

9.9% increase in taxes collected in 2022-23

Helen Morrissey HMRC GDP Hargreaves Lansdown

PA Archive

Around £786.6 billion was collected in taxes in 2022-23, marking an increase of 9.9% from the year before, according to provisional HM Revenue & Customs (HMRC) figures.

Income tax, capital gains tax and National Insurance (NI) contributions combined accounted for 57% of the annual receipts, HMRC said.

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