Businesses in Britain paid almost £200 billion in taxes in the last financial year, according to the CBI. Receipts from corporation tax, business rates, employers’ national insurance contributions and fuel duties helped to lift revenue from businesses to £196 billion, up from £188 billion in the previous 12 months, the business lobby group said. This amounts to 27 per cent of total tax revenue. As unemployment continued to reach record lows, the biggest boost came from national insurance contributions. A further £28 billion, or 14 per cent, came from business rates, while fuel…

Source: The Times April 24, 2019 23:03 UTC