PARLIAMENTARY WRITTEN QUESTION
Tax Yields (22 January 2021)

To ask the Chancellor of the Exchequer, what estimate he has made of the (a) expected amount of tax to be accrued to the Exchequer in the year to 31 January 2021 and (b) amount of tax accrued in the year to 31 January 2020.

Asked by:
Esther McVey (Conservative)

The independent Office for Budget Responsibility produced a monthly profile consistent with their November 2020 forecast showing Central Government Current Receipts (CGCR) from April 1st 2020 to 31st January 2021 are forecast to be £578.6bn.

In comparison, in the Public Sector Finances (jointly produced by the Office for National Statistics and HM Treasury) CGCR for the same period in the previous year was £626.9bn.

Answered by:
Jesse Norman (Conservative)
1 February 2021