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Claritax News

HMRC publish Direct effects of illustrative tax changes

06 Feb 2023

HMRC have published Direct effects of illustrative tax changes.

The table is a “ready reckoner” showing estimates of the effects of illustrative tax changes on tax receipts from 2023 to 2024, 2024 to 2025, and 2025 to 2026, based on an April 2023 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 the Spring Statement 2022.

https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes

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