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The changing composition of UK tax revenues

Helen Miller and Thomas Pope
Briefing note

In this IFS Briefing Note we look at the changing composition of UK tax revenues between 2007-8 and 2020-21. 

 

 

 

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Observation
The Great Recession triggered the two largest annual falls in real government receipts since at least 1956. Yet, by the end of the decade, tax receipts as a share of national income are due to return to almost their pre-recession level. But, beneath this apparent stability in the overall tax take, ...