UK Government Total Receipts
Financial Year 2024-25 (March 2025 OBR Central Forecast)
| Revenue Type |
Amount (£ billions) |
Percentage of Total (%) |
| Income Tax |
284.5 |
23.8 |
| National Insurance Contributions |
179.2 |
15.0 |
| Value Added Tax (VAT) |
176.8 |
14.8 |
| Corporation Tax |
85.7 |
7.2 |
| Council Tax |
42.3 |
3.5 |
| Business Rates |
24.6 |
2.1 |
| Fuel Duties |
24.2 |
2.0 |
| Debt Interest |
18.4 |
1.5 |
| Alcohol & Tobacco Duties |
15.7 |
1.3 |
| Stamp Duties |
12.8 |
1.1 |
| Capital Gains Tax |
10.4 |
0.9 |
| Inheritance Tax |
7.8 |
0.7 |
| Insurance Premium Tax |
2.9 |
0.2 |
| Air Passenger Duty |
2.5 |
0.2 |
| Petroleum Revenue Tax |
2.3 |
0.2 |
| Landfill Tax |
1.2 |
0.1 |
| Rest (Other Taxes & Revenue Sources) |
307.5 |
25.7 |
| Total Government Receipts |
1,198.0 |
100.0 |
Sources: HM Treasury, Office for Budget Responsibility Economic and Fiscal Outlook March 2025
Note: Total includes all public sector receipts including taxes, National Insurance, borrowing receipts, and other income.
"Rest" includes all other revenue sources including departmental receipts, asset sales, and non-tax income.
Figures based on OBR central forecast for 2024-25.