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HMRC tax take hits £87.3bn as fiscal drag drives record PAYE

HMRC tax take hits £87.3bn as fiscal drag drives record PAYE

HM Revenue & Customs (HMRC) collected £87.3 billion in tax and National Insurance contributions (NICs) in April 2026, representing a £6.3 billion increase compared to the same period last year. The initial month of the 2026/27 financial year saw expansion in PAYE receipts and standard... The post HMRC tax take hits £87.3bn as fiscal drag drives record PAYE appeared first on Money Marketing .