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The government's tax yield and spend

The Government expect to receive £496 billion. The receipts are estimated as follows:

  2010/11 2009/10
    April 2009
    £ billion
Income tax   140
National insurance   98
VAT   64
Corporation tax   45
Excise duties   44
Business rates   24
Council tax   25
Other taxes, royalties etc   66
Total   496

The Government expect to spend £671 billion. The expenditure is budgeted as follows:

  £ billion £ billion
Social protection 189 173
Health 119 111
Education 88 83
Defence 38 36
Housing & environment 29 24
Industry, agriculture, employment & training 20 19
Personal social services 31 27
Transport 23 21
Public order & safety 35 33
Debt interest 28 34
Other 71 62
Total 671 623

 

Next Event

The period leading up to the tax year on the 5th April is one of the best times to review your taxes and finances. Download our summary of the more important year-end tax tips to help you identify areas that should be considered

  Tax Planning Supplement - 2010

Budget 2010 Download our comprehensive guide to the Chancellors Budget 2010.

 2010 Budget Report

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