"The total HMRC receipts for the month of September 2025 amounted to £71.2bn. And the total receipts figure for the 12 months to September 2025 was in fact 6% higher than for the same 12-month period to September 2024. However, if these tax take figures were put on a graph, the plot line would seemingly follow a similar trajectory as the UK's borrowing costs, reported to be £7.2bn higher than original forecasting according to the ONS with official borrowing figures for the 6 months to September 2025 reaching just shy pf £100bn."
"Stamp Duty Land Tax (SDLT) is up 24.2% for the 12-month period to September 2025 compared with the 12 months prior, making it the tax with the highest increase for this period. SDLT receipts were £14.9bn for this period. The 12-month period to September 2024 was almost £3bn less than this. The difference is likely due to a spike in SDLT receipts in March 2025 following announcements that the SDLT bands were being adjusted."
HMRC receipts for September 2025 totalled £71.2bn, with total receipts for the 12 months to September 2025 up 6% versus the prior year. Official borrowing for the six months to September 2025 approached £100bn, and borrowing costs were reported £7.2bn higher than forecast. Income tax comprised 31% of total receipts and rose 9.8% year-on-year. Corporation tax receipts were £300m higher in September 2025 versus September 2024. Stamp Duty Land Tax rose 24.2% to £14.9bn for the 12 months to September 2025, partly driven by a March 2025 receipts spike after SDLT band adjustment announcements. Property and inheritance taxes remain focal points ahead of the Autumn Budget.
Read at London Business News | Londonlovesbusiness.com
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