A group of Conservative MP’s, backed by the Daily Express, have come up with a brilliant idea. They suggest that every year the Government should send us a Taxpayer Statement, showing how much tax they’ve taken off us and what they’ve done with it.
A sample 2010/11 tax statement would look like this:
Your salary | £15000 | £26000 | £50000 |
£ | £ | £ | |
Benefits and pensions | 948 | 2135 | 5130 |
NHS | 493 | 1109 | 2666 |
Education | 371 | 835 | 2006 |
Public protection | 287 | 646 | 1551 |
Government | 100 | 226 | 543 |
Transport | 94 | 211 | 507 |
Industry and economy | 64 | 145 | 348 |
Housing | 56 | 126 | 303 |
Recreation sport and culture | 57 | 127 | 306 |
Waste and environment | 47 | 107 | 256 |
Overseas aid | 27 | 60 | 144 |
Debt interest | 181 | 407 | 978 |
Total | 2724 | 6134 | 14739 |
Your share of Government borrowing this year | 2221 | 2221 | 2221 |
The above table only includes direct taxes on your salary. It does not include National Insurance Contributions by your employer.
The above table only includes direct taxes on your salary. It does not include indirect taxes. On average every person over the age of 18 paid £2737 in indirect taxes in 2009-10. The main indirect taxes are:
· Air Passenger Duty
· Beer and Cider duties
· Betting gaming and lottery duties
· Capital gains tax
· Climate change levy
· Council tax
· Hydrocarbons oils duty
· Insurance premium tax
· Made wines duty
· Spirits duty
· Stamp duty
· Tobacco duty
· VAT
· Vehicle excise duty
· Wine of fresh grapes duty