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All taxes

Tax 1 of 8

Income Tax

Monthly

£23.3bn

Share of receipts

36.2%

Per household

£777

Per person

£342

Trend

+£7.2bn (45%) since 2019

Data sourcesHMRC — Tax receipts and National Insurance contributionsHMRC APIs (api.gov.uk)ONS — Public sector finances, UKONS Statistics API (api.gov.uk)
exact ONS/HMRC/MHCLG/PSS fields

How it is collected

  • PAYE

  • Self Assessment

  • Frozen thresholds

Around 37 million taxpayers, with the top 10% of earners paying roughly 60% of the total.

Inside the £23.3bn

Data sourcesHMRC — Tax receipts and National Insurance contributionsHMRC APIs (api.gov.uk)ONS — Public sector finances, UKONS Statistics API (api.gov.uk)
exact ONS/HMRC/MHCLG/PSS fields

PAYE on employment

£18.4bn

79.0% · £613/household

  • Salaries
  • Bonuses
  • Company pensions

Self Assessment

£3.4bn

14.6% · £113/household

  • Sole traders
  • Partnerships
  • Landlords

Savings and dividends

£1.5bn

6.4% · £50/household

  • Dividend tax
  • Bank interest
  • Investment income

The personal allowance has been frozen at £12,570, which raises receipts without a rate change.

Income Tax alone covers around 30% of all government spending.

Scotland sets its own Income Tax rates and bands on non-savings income.

Sources

Financial year 2024/25.