However, despite the early arrival of Tax Freedom Day, which is calculated by the Adam Smith Institute, it is unlikely households will notice the two day ‘tax freedom bonus’ because of the ‘burdensome and complex’ UK tax system, according to the Association of Chartered Certified Accountants (ACCA).

“It is actually very difficult for taxpayers to notice whether they are paying more or less tax. There could be less tax coming out your monthly pay because of the increase in the personal allowance, but your total tax bill might be larger from indirect and other taxes,” said Chas Roy-Chowdhury, head of taxation at the ACCA.

“Will UK taxpayers notice the extra two days when they earn money for themselves rather than the Chancellor? I very much doubt it.”

The ACCA said the tax system in the UK is still far too complex despite the introduction of the Office of Tax Simplification, the body set-up by the government in 2010 to simplify it.

However, Roy-Chowdhury said it should be remembered that taxpayers do get something back from the taxes they pay.

“You can see where your taxes have gone the moment you walk out the door, from your bin collections to the police on the streets. Often the maze that is the UK tax regime clouds the benefits. Simplifying the system would certainly help taxpayers see where their taxes are going,” he said.