The table shows selected government receipts from taxation in a developed economy in 2022.
| Taxation Type | Value (£bn) |
|---|---|
| Value Added Tax (VAT) | 194.5 |
| Personal Income Tax | 284.2 |
| Excise Duties | 48.3 |
| Corporation Tax | 62.1 |
What is the total amount of revenue raised by direct taxes?
£589.1bn
£346.3bn
£242.8bn
£110.4bn
