What the Chancellor said about the Ipswich MP Ben Gummer:
– Chancellor of the Exchequer, George Osborne
My Honourable Friend the Member for Ipswich recently proposed to this House that we send to taxpayers an annual statement showing them just that.
I think this is an excellent idea - and I intend to put it into practice.
HMRC contacts roughly half of taxpayers each year.
From 2014, these 20 million taxpayers will at the same time receive a new Personal Tax Statement.
This will tell people how much income tax and national insurance they have paid; their average tax rates; and how this contributes to public spending.
In other words - how much, proportionately, of their tax bill goes to fund the healthcare, education, or welfare; and how much is spent on servicing interest payments on the national debt.
People will know what they are paying - and what they are paying it for.
A tax system that is simple and transparent: that is our first goal.