TaxAdministrationTax revenues receive boost from shares, oil and property

Tax revenues receive boost from shares, oil and property

Treasury in a better fiscal position than first thought

Treasury

Predictions have emerged that tax revenues for the Treasury could be boosted
from the rebound in property and equity revenues, as well as an increase in oil
production.

The boost from and increase in prices on the stock market could net the
Treasury £3bn this year alone, according to the
Daily
Mail
.

The paper quotes an expert from HSBC saying that the Treasury could be
underestimating the tax revenue potential from the resurgence in asset prices.

It says the Treasury is unlikely to acknowledge the improved fiscal position,
instead waiting to release the good news closer to the election.

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