Oh well. Its always someone else's fault.
Britons to spend first five months paying tax - Telegraph
Tax Freedom Day is the day when Britons begin working for themselves rather than the taxman and falls on May 30 in 2011, compared to May 27 this year, the Adam Smith Institute revealed.
The main reason for the three extra days is the rise in Value Added Tax, which increases from 17.5 per cent to 20 per cent on January 4.
Tom Clougherty, executive director of the Adam Smith Institute, described Britons as being “desperately overtaxed”.
He said: “As well as hitting every household in the country, the VAT hike is going to dent consumer confidence and put a dampener on our economic recovery.”
Britons to spend first five months paying tax - Telegraph
Tax Freedom Day is the day when Britons begin working for themselves rather than the taxman and falls on May 30 in 2011, compared to May 27 this year, the Adam Smith Institute revealed.
The main reason for the three extra days is the rise in Value Added Tax, which increases from 17.5 per cent to 20 per cent on January 4.
Tom Clougherty, executive director of the Adam Smith Institute, described Britons as being “desperately overtaxed”.
He said: “As well as hitting every household in the country, the VAT hike is going to dent consumer confidence and put a dampener on our economic recovery.”
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