The Revenue Responsiveness of Income and Consumption Taxes in the UK

John Creedy and Norman Gemmell

No 814, Department of Economics - Working Papers Series from The University of Melbourne

Abstract: This paper provides new estimates of the revenue elasticity of income taxes in the UK over the period 1989-2000. Observed changes in these elasticities are decomposed into changes due to inflation, real income growth, changes in fiscal structure, and changes in the dispersion of incomes in the UK. Using new analytical expressions, estimates of combined tax revenue elasticities for VAT and the main UK excises are obtained.

Keywords: INCOME TAXES; INFLATION; CONSUMPTION (search for similar items in EconPapers)
JEL-codes: E31 H22 H24 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2001
Note: This paper has now been published in: Creedy, J. and Gemmell, N. (2003) The Revenue Responsiveness of Income and Consumption Taxes in the UK, Manchester School, 71, no.6, pp. 641-658.
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Journal Article: The Revenue Responsiveness of Income and Consumption Taxes in the UK (2003)
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