Tax Yields

(asked on 22nd January 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what estimate he has made of the (a) expected amount of tax to be accrued to the Exchequer in the year to 31 January 2021 and (b) amount of tax accrued in the year to 31 January 2020.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 1st February 2021

The independent Office for Budget Responsibility produced a monthly profile consistent with their November 2020 forecast showing Central Government Current Receipts (CGCR) from April 1st 2020 to 31st January 2021 are forecast to be £578.6bn.

In comparison, in the Public Sector Finances (jointly produced by the Office for National Statistics and HM Treasury) CGCR for the same period in the previous year was £626.9bn.

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