UKMOD – a new tax-benefit model for the four nations of the UK

Authors

Matteo Richiardi, Diego Collado, Daria Popova

Publication Date

Jun 2021

Summary

In this paper we introduce UKMOD, a new tax-benefit model for England, Wales, Scotland, Northern Ireland and the whole of the UK. The model originates and replaces as a stand-alone model the UK component of EUROMOD, the tax-benefit model for the European Union member states, which from 2021 is not updated anymore. We describe the main departures from EUROMOD, discuss some key assumptions including data issues, and provide information on the nowcasting and macro-validation procedure applied.

Volume and page numbers

Volume: 14 , p.92 -101

DOI

https://doi.org/10.34196/IJM.00231

Publication type

Journal Article

Research area

Tax and benefit systems

Notes

Open Access; This article is distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use and redistribution provided that the original author and source are credited.

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• UKMOD – a new tax-benefit model for the four nations of the UK

  Matteo Richiardi, Diego Collado, Daria Popova, CeMPA Working Paper Series -03 Aug 2021

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