{"id":173,"date":"2013-07-25T06:35:02","date_gmt":"2013-07-25T06:35:02","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=173"},"modified":"2013-07-25T06:37:45","modified_gmt":"2013-07-25T06:37:45","slug":"uk-government-tax-revenue","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=173","title":{"rendered":"UK Government Tax Revenue"},"content":{"rendered":"<p>The tax that the UK government hopes to collect in\u00a0tax year is\u00a0roughly as follows:<\/p>\n<p>Income Tax of <strong>\u00a3155 Billion<\/strong><br \/>\nNational Insurance of <strong>\u00a3106 Billion<\/strong><br \/>\nVAT of <strong>\u00a3102 Billion<\/strong><br \/>\nOthers Revenue <strong>\u00a384 Billion<\/strong> (Radio Spectrum Auctions, Oil Leases, Petroleum Tax, Road Tax, Stamp Duties, Capital Gains Tax etc&#8230;)<br \/>\nExcise Duties\u00a0<strong>\u00a348 Billion<\/strong> (Tobacco, Alcohol)<br \/>\nCorporation Tax <strong>\u00a345 Billion<\/strong><br \/>\nBusiness Rates <strong>\u00a326 Billion<\/strong><br \/>\nCouncil Tax <strong>\u00a326 Billion<\/strong><\/p>\n<p>\u2211 (\u00a3155 + \u00a3106 + \u00a3102 + \u00a384 + \u00a348 + \u00a345 + \u00a326 + 26) billion<\/p>\n<p>Equates to about <strong>\u00a3592 Billion.<\/strong><\/p>\n<p>Yet this is not enough, spending commitments (Pensions, NHS, Defence, etc etc)\u00a0of over \u00a3700 Billion means, the UK Government need to borrow on the Bond Market via Gilt Auctions, a further \u00a3120 Billion a year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tax that the UK government hopes to collect in\u00a0tax year is\u00a0roughly as follows: Income Tax of \u00a3155 Billion National Insurance of \u00a3106 Billion VAT of \u00a3102 Billion Others Revenue \u00a384 Billion (Radio Spectrum Auctions, Oil Leases, Petroleum Tax, Road Tax, Stamp Duties, Capital Gains Tax etc&#8230;) Excise Duties\u00a0\u00a348 Billion (Tobacco, Alcohol) Corporation Tax \u00a345 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-173","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=173"}],"version-history":[{"count":2,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/173\/revisions"}],"predecessor-version":[{"id":175,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/173\/revisions\/175"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}