Tax take hits £553 billion due to threshold freezes
Revenue is up by £48bn on the same period last year.
Top 20% of earners pay majority of all income tax
Over half of UK taxpayers receive more in benefits than they pay in tax.
Half of sole traders yet to file self-assessment return
Self-assessment taxpayers only have 11 days to file their returns.
Switch to tax year basis to start in 2024
Unincorporated businesses will need to report their liabilities in line with the tax year.
Taxpayers reminded to report crypto gains
Cryptoassets are subject to income tax and capital gains tax.