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HMRC takes £37bn from new taxes in ten years


HMRC has collected £37bn from new taxes over the last decade, according to UHY Hacker Young, which warned that the favourable numbers could prompt more levies. The bank levy has raised £20.4bn, the apprenticeship levy £5.4bn, the bank surcharge £5.2bn, bank payroll tax pulled in £3.4bn, Swiss capital tax raised £957m, the annual tax on enveloped dwellings pulled in £954m, the diverted profits tax take was £369m and the soft drinks industry levy has raised £318m. Clive Gawthorpe, partner at UHY Hacker Young, said: “Each new tax adds more and more of a burden on businesses. Given the economic uncertainty perhaps the Government should be holding off on plans for new taxes.”

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