BBC Home
Explore the BBC
BBC News
Launch consoleBBC NEWS CHANNEL
Last Updated: Sunday, 29 May, 2005, 08:29 GMT 09:29 UK
'Tax Freedom Day' arriving later
An alarm clock
Tax Freedom Day is arriving later this year
Tuesday is the day when the average UK worker will have earned enough to pay their annual tax bill, a study says.

The Adam Smith Institute has calculated that 31 May is "Tax Freedom Day". It has arrived three days later than last year and five days later than in 2003.

The institute said the landmark fell later this year because of national insurance and council tax rises.

Next year the institute predicts Tax Freedom Day will move into June unless taxes are cut.

It warns that higher taxes could eventually lead to UK economic growth being "choked off".


RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites


PRODUCTS AND SERVICES

News Front Page | World | UK | England | Northern Ireland | Scotland | Wales | Politics
Business | Entertainment | Science/Nature | Technology | Health | Education
Have Your Say | Magazine | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific