Black Rothenberg warns about secret HMRC tax measures
Tax and accounting firm Blick Rothenberg warns that the UK government could introduce secret measures in its upcoming spring statement to facilitate future tax measurements.
This is because HMRC receipts from December 2024 to February 2025 were £11 billion ($14.2 billion) higher in 2024/25 compared to the same period in 2023/24.
“We’ve been working hard to get the most out of our business,” said Tom Goddard, senior associate at Black Rothenberg. “The dust settled following Manic tax return season and the HMRC’s final tax statistics have settled before the spring statement appears optimistic for Rachel Reeves and the Treasury.”
“However, increasing tax revenues cover some of the UK’s borrowing costs, but there could be some secret measures in the Spring Statement to increase the government’s future tax acquisition by tinkering with tax standards and relief.”
According to Goddard, the increase is due to financial drag, pushing ordinary workers into higher tax rates due to freeze tax.
Goddard states: “Even though income taxes were collected at a self-valuation rate of £388 million lower than in February 2025 last year, the gross income tax receipts actually rose by £1650 million.
“This indicates that as wages continue, there is less disposable funds to enjoy the recent weather spells, as everyday workers are exposed to a higher tax rate on employment income.”
VAT receipts have increased by around 15% over the past two years.
“The Prime Minister may argue that this is due to her decision to introduce VAT to private school fees, but the increase in VAT tax revenue appears to be due to inflation due to increased prices that underlie many apologifiable products and services over the past 24 months,” Goddard added.
Corporate tax receipts continue to rise, and are now nearly 9% higher than the 12 months leading up to February 2024, Goddard explained.
He added: “The rise in taxes could be a relief for Rachel Reeves, who doesn’t want the upcoming Spring Statement to be a major financial event.
“While cost reduction measures could be implemented as the UK borrowing costs exceeded £20 billion in February 2025, we hope that these additional revenues can be “carrying calmly” from a tax policy perspective. ”
“Blick Rothenberg Warns About Secret HMRC Tax Measures” was originally created and published Accountanta brand owned by GlobalData.
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