31–40 of 162 posts
It's staggering to me that £46 billion goes to HM Revenue and Customs. So it costs £46 billion to administer £506 billion in tax revenue! That's almost 1/3 the budget of the entire NHS! That doesn't seem like a good ROI at all. A product of an over-complicated tax system?
It's staggering to me that £46 billion goes to HM Revenue and Customs. So it costs £46 billion to administer £506 billion in tax revenue! That's almost 1/3 the budget of the entire NHS! That doesn't seem like a good ROI at all. A product of an over-complicated tax system?
"It cost £4 billion to run HMRC in 2018-19" [1] (page 18)
[1] https://assets.publishing.service.gov.uk/government/uploads/...
It's staggering to me that £46 billion goes to HM Revenue and Customs. So it costs £46 billion to administer £506 billion in tax revenue! That's almost 1/3 the budget of the entire NHS! That doesn't seem like a good ROI at all. A product of an over-complicated tax system?
https://www.gov.uk/government/publications/hmrc-annual-repor...
Which also matches the 4 billion that the HMRC wikipedia page links to
https://webarchive.nationalarchives.gov.uk/20130127142016/ht...
The "Budget" is 702 billion. The expense is 698 billion. Now the department expenditures is 702 billion. So they spend 4 more billions then they got. At that point I laugh. so you see the Hm treasure.
It's staggering to me that £46 billion goes to HM Revenue and Customs. So it costs £46 billion to administer £506 billion in tax revenue! That's almost 1/3 the budget of the entire NHS! That doesn't seem like a good ROI at all. A product of an over-complicated tax system?
Nice visualisation. But why is "VAT refunds" an income? And why is "Petroleum revenue tax" an expenditure? (2.2B, coming out at the top of the 241B "Taxes on income and wealth")
So VAT is all regular VAT, and VAT refunds is VAT that would be collected by countries abroad but is now collected by the British government because of the VAT Reverse Charge.
It's staggering to me that £46 billion goes to HM Revenue and Customs. So it costs £46 billion to administer £506 billion in tax revenue! That's almost 1/3 the budget of the entire NHS! That doesn't seem like a good ROI at all. A product of an over-complicated tax system?
That may include tax credits, don't assume it is just "administration" costs.
That is a great idea. Understanding government expenditure on some level should be a fundamental part of a citizen's participation. I don't yet fully understand how to read it. It's not really clear to me what the difference in income and expenditure is - the impression the diagram gives me is other that income is balanced by expenditure, or that there is a budget surplus maybe. I think I recall that there is a budge…
That is a great idea. Understanding government expenditure on some level should be a fundamental part of a citizen's participation. I don't yet fully understand how to read it. It's not really clear to me what the difference in income and expenditure is - the impression the diagram gives me is other that income is balanced by expenditure, or that there is a budget surplus maybe. I think I recall that there is a budge…
Shameless plug colon my company does this for cities. http://burlington.openbook.questica.com/
There, at the top of "Other Expenditures", Slightly smaller than running the Office of the Secretary of State for Wales. That is what's governing the entire political agenda right now. That's the amount of money stuck on the side of a bus with the suggestion that we could spend it on the NHS instead
I didn't vote leave because of the money. I voted leave because I was dubious about the control the elected and unelected officials and secretaries in brussels had over British politics, and the rats nest of well paid jobs with crazy benefits waiting for british politicians in brussels when they retire from british politics, so long as they play nice with the EU and go along with the will of the government in Brussel…
Today, just half an hour ago, I saw someone tweeting that the EU was “bleeding the UK dry” by “taking” “£1 billion per month” [1] so I’m fairly sure that quite a lot of people did actually vote on the basis of the money.
[1] 1e9, or roughly 0.01% of the EU-(annual)-GDP per month