Tax Yields

(asked on 23rd March 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to table 2.1, line 43 of the Budget 2016, how much additional tax was raised in 2016-17 under that measure; and what estimate he has made of the change to the 2017-18 tax level against the baseline projection contained in that table.


Answered by
 Portrait
Jane Ellison
This question was answered on 28th March 2017

The period of account for 2016-17 closes on 31 March for Corporation Tax and VAT payers and 5 April for individuals. Relevant receipts data for this measure in this year is not yet available and will be finalised over the following months.

Budget 2017 projections of 2017-18 tax receipts factor in tax receipts to date for 2016-17, operational information, OBR certified costings and any changes to the OBRs economic growth projections.

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