Record income tax haul from dividends grab

The Government raked in record amounts of income tax after increasing the levy on dividend earnings.

Income tax receipts soared to £191billion for 2018-19, up 6 per cent from the year before, according to official figures published yesterday.

It is the biggest year-on-year increase since 2015-16, when the income tax haul rose to £177billion.

This is despite the personal allowance having risen.

An estimated £31.5billion of the money has come from self-assessment income tax receipts, which were almost 12 per cent higher than in 2017-18.