Submitted on Saturday 1st June 2019
Published on Wednesday 26th June 2019
Current status: Closed
Closed: Wednesday 6th November 2019
Signatures: 2,798
Tagged with
Economy ~ EU ~ EU membership ~ income tax ~ Money ~ Tax ~ UK
Include the cost of Brexit on the Annual Income Tax Summary issued to taxpayers.
Taxpayers are issued with annual tax statements, which details how the income tax they paid was spent. One of the items shown is EU membership fees.
As of April 2019, reports show that £66 billion has been spent on Brexit. The cost of this should also be included on tax statments, for balance.
Estimates show that the UK pays a net contribution of £6 billion per year to the EU, so £66 billion is a considerable amount in comparison.
The £66 billion cost figure is taken from a report by Standard & Poor's, a global financial analysis company. Articles showing the figure canbe found here:
https://www.independent.co.uk/news/business/news/brexit-cost-how-much-uk-economy-money-spent-a8854726.html
https://www.businessinsider.com/price-of-brexit-66-billion-recession-2019-4?r=US&IR=T
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