Commentary

A total self reported tax liability of £72.2m was declared by taxpayers in May 2022, £5.4m more than April 2022, and £21.1m more than May 2021.

In comparison to the previous month, residential liabilities increased by £6.1m and non-residential liabilities decreased by £0.7m.

A total of 10,550 notifiable land and building transactions were reported in May 2022, which is 670 more than April 2022, and 720 more than May 2021.