Analysis

Income Tax

Monthly Income Tax receipts collected by HMRC

fiscalUnit: gbp_millionsSource: HMRC Tax Receipts Monthly Bulletin

The metrics below move with Income Tax across UK places. A positive correlation means the two tend to rise together; a negative one means as this rises, the other tends to fall.

No correlations available for this metric.

How to read this

Correlation ≠ causation. A strong correlation does not mean one metric causes the other. Both may be driven by a shared underlying factor, or the link may be coincidental.
r is the Pearson correlation coefficient (−1 to +1); n is the number of places compared. Larger n means a more reliable estimate.
Click any correlate to explore its drivers and walk the network of relationships.

Data: precomputed cross-metric correlations (latest period).

← All metric drivers Correlation matrix →Correlation network →

How to read this

Related