Official Statistics

Direct effects of illustrative tax changes

HM Revenue and Customs statistics relating to the direct effects of illustrative tax changes.

Documents

Direct effects of illustrative tax changes bulletin (May 2020)

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Direct effects of illustrative tax changes (May 2020)

This file is in an OpenDocument format

This file may not be suitable for users of assistive technology.

Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

This table is a ‘ready reckoner’ showing estimates of the effects of illustrative tax changes on tax receipts from 2021 to 2022 to 2023 to 2024, based on an April 2021 implementation. All estimates show the impacts of the various illustrative changes on top of what is already assumed in the indexed baseline i.e. generally revalorisation plus any rates and allowances announced previously up to and including Spring Budget 2020.

Archived copies of this publication can be found in The National Archives

Published 28 October 2013
Last updated 1 May 2020 + show all updates
  1. The estimates in this publication have been updated in line with the latest economy and fiscal forecasts from the Office for Budget Responsibility announced at Budget 2020.

  2. This April 2019 publication has been updated to show estimates of the effects of illustrative tax changes on tax receipts in the tax year 2020 to 2021 through to tax year 2022 to 2023, based on an April 2020 implementation.

  3. This latest release has been updated to remove the line ‘Change aged income by £500’. This line is being removed as this limit is no longer a relevant feature of the tax system.

  4. The latest publication includes updates in line with the Office for Budget Responsibility forecasts announced at Budget 2018, incorporating new evidence and updated data where available, and includes a new ready reckoner for Child Benefit

  5. The latest publication shows estimates from 2019-20 to 2021-22, based on an April 2019 implementation.

  6. Following the Autumn Statement this table has now been updated.

  7. The table and bulletin have been updated in line with the Budget 2017 data.

  8. The estimates in the table have been updated with the latest available data

  9. The document has been updated with the latest available data

  10. The estimates in the table have been updated following the Chancellor's Autumn Statement speech.

  11. The estimates in the table have been updated in line with the latest economy and fiscal forecasts from the Office for Budget Responsibility.

  12. The table has been updated to reflect the latest data, following the Budget 2015.

  13. The latest estimates have been updated following the Autumn Statement announced earlier today in the Chancellors Budget Speech

  14. The estimates in this table have been updated following the March 2014 Budget Statement.

  15. First published.