Once again, the global recession?
Please see other concrete provable economic statistics |I've quoted. All provided by the office for national statistics for full details of Osborne's economic miracle.
If the tories have made over 2 million jobs since coming to power how come paye and ni receipts are falling?
If their welfare policies are fair how come the United Nations is investigating this country for human rights abuses specifically towards the disabled?
Says who?
"
Introduction
HMRC collected £489.9 billion in taxes in 2013-14. The table below shows the total percentage contribution of each
tax towards the total HMRC receipts per financial year.
Over the last decade IT, CGT & NICs (Income tax, Capital Gains Tax and National Insurance Contributions) have made up on average 55 per cent of total receipts. VAT (Value Added Tax) and Corporation Tax (CT) are the next biggest, contributing an average 19 per cent and 9 per cent of total receipts respectively.
The proportion for total IT, CGT & NIC receipts account for around 54 per cent of total receipts in 2013-14, the same as in the previous two years, which followed a peak in 2008-09 and 2009-10 of 58 per cent. VAT receipts peaked in 2011-12 at 21 percent and have remained at that level since. Receipts from the other taxes and duties shown have broadly remained steady over the last decade. "
FY2009 - FY2010 - £408 billion
FY2010 - FY2011 - £447 billion
FY2011 - FY2012 - £466 billion
FY2012 - FY2013 - £469 billiion
FY2013 - FY2014 - £489 billion
Which suggests to me that the total taxes paid including Tax and NI is actually increasing.
You will find all the data here:
https://www.gov.uk/government/uploa.../file/355545/20140911_Augreceiptsbulletin.pdf
And as for your point about all the new jobs and taxes & NI, you being SE, like me, you will well understand that is somebody becomes SE during THIS financial year, their taxes won't be paid until near the end of the NEXT tax year, giving about a 10 month delay in receipt by HMRC.
I'd also venture to suggest that people & companies as a whole have held back with capital expenses such as tool, vans etc and the last couple of years will now be spending again - reducing tax takes in the short term as its all claimed back.
For "employed people" who could have recently found work, and yes theres quite a few of them, it takes time to pay down debts and get used to a salary again, BEFORE starting to spend again!
Tax credits - ah another "success" of Gordon Brown - over 500,000 people didn't renew their claims this year! Staggering number, and sure some will have missed the deadline BUT nobody in their right mind will update HMRC with the previous years ACTUAL income if they know that they will be asked to
repay some, or
all of a claim.
AND boy do I know about this, as I updated HMRC when our situation changed, during a tax year and we are now on a long term repayment plan! I should have kept quiet and simply not renewed.
I do expect next years Tax and NI receipts to be a further step in the right direction.
Complicated stuff this.