Self Assessment tax up £3.3bn in July 2025

Self Assessment tax up £3.3bn in July 2025

PAYE income tax and employee national insurance contribution (NICs) receipts for April 2025 to July 2025 were £160.6bn, which is £13.5bn higher than the same period last year.

In July 2025 the total self-assessment income tax hit £15.48bn, up from £12.76bn in July 2024. A similar hike in employees NICs was also reported by HMRC, with the monthly take hitting £4.19bn, up 5% from £3.97bn just 12 months ago.

Meantime, the increased employer NICs is reflected in the monthly tax receipts, with the figure hitting a record £12.85bn, up £2.4bn from July 2024.

Total tax and NICs receipts for April 2025 to July 2025 were £301.7bn, which was £19.9bn higher than the same period last year as the tax burden grows.

With income tax thresholds still frozen, more workers are being dragged into higher tax bands, while businesses are having to shoulder rising employer NICs.

Inheritance tax (IHT) again marked a massive increase, with £844m paid in July, the highest figure ever, up nearly a billion pounds on last July’s £749m.