Taxpayers to find out how contributions are spent Every taxpayer is to be given a personal statement by the Government, detailing exactly what their money has been spent on. Chancellor George Osborne is expected to make the announcement, which will come in from the 2014-2015 tax year, in Wednesday's budget. Specimen statements from the Treasury show someone on £25,200 a year sees £5,702.12 of their income go to the Exchequer in direct taxation. Of that, £1,900.71 goes on welfare, followed by £992.91 on health and £743.26 on education. Other payments include £363.12 on the national debt, £392.08 on defence, £153.19 on policing, £56.74 on aid and £28.37 on the EU. The move is designed to make the tax system more transparent and easier to understand.