Revenues From Stamp Duties
Revenue from stamp duties is pro-cyclical with economic activity. In terms of GDP and total tax revenue the highest values have been reached during the dot.com boom years at the end 20th century, notably in 2000-01. For 2008-09 the value is back to the level of the mid 1990s which is around 0.2% of GDP.
| Year | Stamp duty reserve tax | Standard Stamp Duty | Standard Duties Total Revenue (in €million) | over Total Tax Revenue (in %) | over GDP (in %) |
|---|---|---|---|---|---|
| 1995-96 | n.a. | n/a | 1,810 | 0.59 | 0.20 |
| 1996-97 | n.a. | n/a | 1,966 | 0.60 | 0.20 |
| 1997-98 | n.a. | n/a | 3,033 | 0.73 | 0.25 |
| 1998-99 | n.a. | n/a | 3,696 | 0.79 | 0.28 |
| 1999-00 | n.a. | n/a | 5,617 | 1.10 | 0.40 |
| 2000-01 | n.a. | n/a | 7,383 | 1.26 | 0.46 |
| 2001-02 | 4,218 | 367 | 4,586 | 0.77 | 0.28 |
| 2002-03 | 3,669 | 455 | 4,124 | 0.69 | 0.24 |
| 2003-04 | 3,280 | 418 | 3,698 | 0.65 | 0.22 |
| 2004-05 | 3,454 | 548 | 4,001 | 0.64 | 0.23 |
| 2005-06 | 4,105 | 961 | 5,067 | 0.77 | 0.28 |
| 2006-07 | 4,767 | 745 | 5,511 | 0.77 | 0.28 |
| 2007-08 | 5,372 | 716 | 6,091 | 0.82 | 0.30 |
| 2008-09 | 3,673 | 349 | 4,022 | n/a | 0.22 |
Read more about this topic: Stamp Duty In The United Kingdom
Famous quotes containing the words stamp and/or duties:
“Was it an intellectual consequence of this ‘rebirth,’ of this new dignity and rigor, that, at about the same time, his sense of beauty was observed to undergo an almost excessive resurgence, that his style took on the noble purity, simplicity and symmetry that were to set upon all his subsequent works that so evident and evidently intentional stamp of the classical master.”
—Thomas Mann (1875–1955)
“Columbus stood in his age as the pioneer of progress and enlightenment. The system of universal education is in our age the most prominent and salutary feature of the spirit of enlightenment, and it is peculiarly appropriate that the schools be made by the people the center of the day’s demonstration. Let the national flag float over every schoolhouse in the country and the exercises be such as shall impress upon our youth the patriotic duties of American citizenship.”
—Benjamin Harrison (1833–1901)