According to the ‘Adam Smith Institute’, today 30th May 2011 is ‘Tax Freedom Day’ – This is the first day of this calendar year that the average Briton stops working to pay taxes and actually starts earning money solely for themselves. All the money earned between the start of the year and May 29th, 149 [...]
Tuesday, May 24, 2011
Just how much did the Government collect in taxation in the last tax year? Well, we now know thanks to the release of detailed tax receipt information by HMRC. A total of £446 Billion was collected in taxes in the last tax year. This figure includes all taxes, such as duties and VAT. 55.4 percent [...]
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Monday, May 30, 2011
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