The UK’s self-employment boom has helped HMRC line its pockets with over £50 million in Income Tax payments so far this year.
Figures published by the Office for National Statistics (ONS) reveal that the Revenue raked in £15.4 billion from self-assessment tax returns in the first three months of 2015, an increase of more than 15% when compared to the same period last year.
Last month, the taxman received £447 million from self-employed professionals – almost 3.5% of its total Income Tax haul. This is a significant increase on the £235 million achieved in March 2014 – which represented just 1.9% of Income Tax receipts. … Continue reading