About: Revenues did increase by that much, but tax receipts were artificially low in 2012/13 and artificially high in 2013/14 due to people ‘deferring’ income from one tax year to another in order to benefit from the lower tax rate. So this can’t be described as the amount of money raised by the reduction in the rate.     Goto   Sponge   NotDistinct   Permalink

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  • Revenues did increase by that much, but tax receipts were artificially low in 2012/13 and artificially high in 2013/14 due to people ‘deferring’ income from one tax year to another in order to benefit from the lower tax rate. So this can’t be described as the amount of money raised by the reduction in the rate.
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  • Revenues did increase by that much, but tax receipts were artificially low in 2012/13 and artificially high in 2013/14 due to people ‘deferring’ income from one tax year to another in order to benefit from the lower tax rate. So this can’t be described as the amount of money raised by the reduction in the rate.
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