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<p>Total tax revenue accrued by small and medium-sized enterprises was estimated to
be around a) £160bn in 2013/14, and b) around £170bn in 2014/15. Equivalent estimates
for later years are not readily available, but an estimate for 2015/16 will be available
in Autumn 2018.</p><p> </p><p>These estimates include Self-Assessment Income Tax and
Class 4 National Insurance Contributions (NICs), Corporation Tax, VAT, and Pay As
You Earn Income Tax and Class 1 NICs. The definition of small and medium-sized enterprises
used is consistent with the EU definition where possible.</p><p> </p><p>HMRC works
to collect the tax due under UK law from all businesses, large or small, in the most
cost effective way.</p>
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