Official Statistics

Direct effects of illustrative tax changes

HM Revenue and Customs statistics relating to the direct effects of illustrative tax changes.

From:
HM Revenue & Customs
Published
28 October 2013
Last updated
28 January 2025 鈥� See all updates

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Direct effects of illustrative tax changes bulletin (January 2025)

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This table is a 鈥榬eady reckoner鈥� showing estimates of the effects of illustrative tax changes on tax receipts from 2025 to 2026, 2026 to 2027, and 2027 to 2028, based on an April 2025 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 Budget 2024.

Archived copies of this publication can be found .

Updates to this page

Published 28 October 2013
Last updated 28 January 2025 show all updates

  1. Updated publication for the Autumn Budget 2024.

  2. Updated publication for the Spring Budget 2024.

  3. Updated publication for the Autumn Budget 2023.

  4. Updated publication for the Spring Budget 2023.

  5. Published Direct effects of illustrative tax changes statistics (January 2023)

  6. Published 'Direct effects of illustrative tax changes' for June 2022.

  7. Latest direct effects of illustrative tax changes bulletin and table up to Autumn Budget and Spending Review 2021.

  8. 皇冠体育app estimates in this publication have been updated in line with the latest economy and fiscal forecasts from the Office for Budget Responsibility announced at Budget 2021.

  9. 皇冠体育app estimates in this publication have been updated in line with the latest economy and fiscal forecasts from the Office for Budget Responsibility announced at the Autumn Spending Review 2020.

  10. 皇冠体育app estimates in this publication have been updated in line with the latest economy and fiscal forecasts from the Office for Budget Responsibility announced at Budget 2020.

  11. This April 2019 publication has been updated to show estimates of the effects of illustrative tax changes on tax receipts in the tax year 2020 to 2021 through to tax year 2022 to 2023, based on an April 2020 implementation.

  12. This latest release has been updated to remove the line 鈥楥hange aged income by 拢500鈥�. This line is being removed as this limit is no longer a relevant feature of the tax system.

  13. 皇冠体育app latest publication includes updates in line with the Office for Budget Responsibility forecasts announced at Budget 2018, incorporating new evidence and updated data where available, and includes a new ready reckoner for Child Benefit

  14. 皇冠体育app latest publication shows estimates from 2019-20 to 2021-22, based on an April 2019 implementation.

  15. Following the Autumn Statement this table has now been updated.

  16. 皇冠体育app table and bulletin have been updated in line with the Budget 2017 data.

  17. 皇冠体育app estimates in the table have been updated with the latest available data

  18. 皇冠体育app document has been updated with the latest available data

  19. 皇冠体育app estimates in the table have been updated following the Chancellor's Autumn Statement speech.

  20. 皇冠体育app estimates in the table have been updated in line with the latest economy and fiscal forecasts from the Office for Budget Responsibility.

  21. 皇冠体育app table has been updated to reflect the latest data, following the Budget 2015.

  22. 皇冠体育app latest estimates have been updated following the Autumn Statement announced earlier today in the Chancellors Budget Speech

  23. 皇冠体育app estimates in this table have been updated following the March 2014 Budget Statement.

  24. First published.

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