Provide for an annual Taxation Freedom Day to reflect the proportion of tax
paid by individuals from their income; and for connected purposes.
Be it enacted by the Queen’s most Excellent Majesty, by and with the advice and
consent of the Lords Spiritual and Temporal, and Commons, in this present
Parliament assembled, and by the authority of the same, as follows:—
The Chancellor of the Exchequer must by order made by statutory instrument
specify a day each calendar year which shall be observed as Taxation Freedom
The purpose of Taxation Freedom Day shall be to mark the day in any given
calendar year on which the United Kingdom’s net national income (calculated
from the beginning of the calendar year) reaches the level of the United
Kingdom’s estimated level of national taxation for that calendar year.
(3) In this Act—
“total national taxation” includes all forms of direct, indirect and local
taxation and shall be calculated by the Office for National Statistics;
“net national income” shall be calculated by the Office for National
The Chancellor of the Exchequer must determine the day in the calendar year
when Taxation Freedom Day will fall using the proportion of the United
Kingdom’s estimated level of national taxation for that calendar year to the
United Kingdom’s estimated net national income for that calendar year, with
the purpose as set out in subsection (2).
An order made under subsection (1) may not be made unless a draft has been
laid before and approved by resolution of each House of Parliament.
The Chancellor of the Exchequer must—
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before 30 November each calendar year, lay before Parliament the
estimated date of Taxation Freedom Day in the following calendar
before 31 May each calendar year, lay before Parliament a report setting
out whether the estimated date of Taxation Freedom Day in that
calendar year was correct.
(1) This Act may be cited as the Taxation Freedom Day Act 2011.
This Act comes into force at the end of the period of one month beginning with
the day on which it is passed.
(3) This Act extends to the whole of the United Kingdom.