HMRC has released the tax receipt figures for April 2015. The figures show improvements in corporation tax, with less growth in income tax and VAT, and a fall in stamp duty revenues of 0.17% from last year. Corporation tax receipts of £5.69m have risen 11.34% from last year. According to David Brookes, tax partner at BDO, this was ‘particularly impressive given the fact that the rate of corporation tax has continued to drop and clearly demonstrates that the momentum of the UK’s corporate recovery continues.’
HMRC has released the tax receipt figures for April 2015. The figures show improvements in corporation tax, with less growth in income tax and VAT, and a fall in stamp duty revenues of 0.17% from last year. Corporation tax receipts of £5.69m have risen 11.34% from last year. According to David Brookes, tax partner at BDO, this was ‘particularly impressive given the fact that the rate of corporation tax has continued to drop and clearly demonstrates that the momentum of the UK’s corporate recovery continues.’
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