Tax Year
6 Apr 2025 - 5 Apr 2026
Tax Year Progress
Day 104 of 365 (28.31% complete)
Spending Rate
£28,158.30/sec
2025-26 financial year
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Based on HMRC's outturn for 2024–25 (£857.8 bn, +3.5% year‑on‑year) and the OBR's forecasts—particularly the employer NICs uplift and frozen thresholds boosting receipts in 2025–26—we project HMRC cash receipts for 2025–26 to be around £888 bn. This assumes a repeat of last year's 3.5% growth.