UK tax revenues nosedive by £33bn but pandemic impact less pronounced than previous crises
Total tax revenues across the UK dropped by £33.4bn last year, according to the annual revenue statistical release from the Organisation for Economic Co-operation and Development (OECD).
UK tax revenues nosedive by £33bn but pandemic impact less pronounced than previous crises
Last Updated: 07 December 2021
Published: 07 December 2021
The OECD say that the impact of the Covid-19 pandemic on tax revenues was less pronounced than during previous crises, in part, due to government support measures introduced to support households and businesses.
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