Typical household pays £200k indirect tax - papers 17 Nov

clock

A typical British household pays more than £200,000 in indirect taxes over a lifetime, according to a report by Axa, says the Scotsman .

The research has revealed the taxman takes £115,508 in VAT over the course of a lifetime from the average family. Added to that is almost £6,000 paid out on television licences and £34,246 on tobacco and alcohol excise duty, reports the paper. Motorists in the UK are hit with an average tax bill of £26,933 on petrol and a further £7,836 on vehicle excise tax over their lifetime, while stamp duty on houses adds a further £9,809 to the typical family's tax bill. In all, the total charge of indirect tax comes to £211,686 for the average household over the course of a lifetime, Axa has ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Brooks Macdonald becomes BAFTA wealth management partner

Brooks Macdonald becomes BAFTA wealth management partner

Partnership starts in 2026

Jen Frost
clock 08 December 2025 • 1 min read
As Reeves scrabbles for Budget funds, is she missing a Covid furlough trick?

As Reeves scrabbles for Budget funds, is she missing a Covid furlough trick?

Creativity key as chancellor faces tough tax and spending choices

Jen Frost
clock 21 November 2025 • 8 min read
Titan Wealth inks Harlequins partnership

Titan Wealth inks Harlequins partnership

Becomes wealth management and women’s partner

Jen Frost
clock 03 October 2025 • 2 min read