TaxPersonal TaxTax burden hits record high

Tax burden hits record high

Figures published in yesterday?s Sunday Times show the UK tax burden is at a record high level.

Data from the Office of National Statistics show that after excluding taxes from North Sea oil, the tax burden is at a record level.

Taxes and National Insurance contributions now represent 37.7% of GDP, a rise of 2.2% since the current government came to power.

If, however, revenues from North Sea oil are not stripped out, the tax burden was still higher under the Conservative government of the early 1980s.

Following the fuel crisis last month, chancellor Gordon Brown is under pressure to cut taxes – particularly those on fuel – in his pre-Budget report later this autumn.

Links

On the fuel shortage

Looking beyond petrol

Fuel crisis did hurt, say FDs

Toll VAT compounds motorists’ misery

Sunday Times article

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

2d Lucy Skoulding, Reporter
HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

2m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
Wealthy individuals could circumvent top tax rate rises

Personal Tax Wealthy individuals could circumvent top tax rate rises

4m Alia Shoaib, Reporter
Italy grants first successful non-dom status application to former UK non-dom

Personal Tax Italy grants first successful non-dom status application to former UK non-dom

4m Emma Smith, Managing Editor
Industry reaction: Taylor Review does not go far enough in addressing tax issues

Legal Industry reaction: Taylor Review does not go far enough in addressing tax issues

5m Alia Shoaib, Reporter
Does the Taylor Review sufficiently address the gig economy?

Corporate Tax Does the Taylor Review sufficiently address the gig economy?

5m Alia Shoaib, Reporter