Higher receipts were recorded in April 2025 compared to April 2024, mainly due to the decrease in thresholds for residential main rates and First Time Buyers’ Relief from 1 April 2025.
The figures, which exclude land transaction taxes devolved to Scotland and Wales, formed part of HMRC’s release on tax receipts and National Insurance contributions (NICs) for the UK.
Inheritance tax receipts for April to June 2025 were £2.2bn, which is £0.1bn higher than the same period last year.
Overall, gross tax and NIC receipts for the two months to June 2025 were £209.6bn, £11.7bn higher than the same period last year.
In percentage terms, receipts were higher for tobacco duties and stamp taxes (9%) and lower for alcohol duties (11%).
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Income tax, capital gains tax and NIC receipts for April to June 2025 were £120.5bn, £9.4bn higher than the same period last year.
In a written question to the Treasury earlier this month, Liberal Democrat MP Freddie Van Mierlo asked the Chancellor whether she had made an assessment of the potential impact of recent changes to stamp duty thresholds on the number of first-time buyers entering the market.
The government said that HMRC analysis estimated that there will be around 4,000-6,000 fewer first-time buyer transactions per year between 2025/26 and 2029/30.
