Tax
£134bn rise in tax burden in the last year, UHY reports
The increase will also have been accounted for by the economy bouncing back from Covid, as tax receipts reportedly fell by 8% from 2019/20 to 2020/21
Last year saw the biggest increase in UK tax receipts since the millennium, reportedly rising by £134bn (23%) from £584bn in 2020/21 to £718bn in 2021/22, an analysis conducted by UHY Hacker Young reveals.
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