Taxman Takes ‘Multi-Million Pound Slice of Estates’ as HMRC Tax Receipts Hit £391.6bn

Treasury rakes in £1.1bn extra tax a week

standfirst: Fiscal drag and soaring tax sees record August as Treasury collects £25bn more in first five months of tax year, but public sector borrowing hits £18.3bnAlthough tax receipts reached £391.6bn in the first five months of the tax year from April to August, up £25bn, or 6.8%, from the £366.7bn last year, the new chancellor faces a potential Budget nightmare as debt interest erodes gains leaving little room for manoeuvre.One bright spot …

HMRC tax receipts hit £391.6bn

It was another bumper haul for HMRC between April and August as it collected £391.6bn in total tax and national insurance contributions (NICs). This

Taxman takes ‘multi-million pound slice of estates’ as HMRC tax receipts hit £391.6bn

HMRC collected £391.6bn in total tax and NICs between April and August 2026 - £24.9bn higher than the same period last year.