1 comment for “HMRC tax receipts 2002-12

  1. Jeff Wood
    June 5, 2012 at 7:59 pm

    First point: in ten years, tax receipts have gone up by half: Hell did the money go? Where on earth does 440 Billion get spent, especially since given the Deficit, more is spent but financed by borrowing?

    You can see the 2008 credit crunch impact on tax receipts, then they go up again despite the recession that has ensued. Implication is serious fiscal drag.

    Growth stocks are Air Passenger Duty, Landfill Tax and Insurance Premium Tax. Unexpectedly, Climate Change Levy is not up by much. Perhaps that is in effect hidden behind fuel bills.

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