Chancellor George Osborne is expected to reveal the details of the new scheme in his Budget tomorrrow (21 March).
The aim of the new scheme is to make the tax system more transparent.
The statements, to be introduced in 2014, would detail how much taxpayers contribute to the Exchequer via income tax and national insurance.
It will then show how that money is spent by the Government on items such as healthcare and education.
The statements would not take account of indirect taxes such as VAT or fuel duty.
A typical breakdown for someone earning just over £25,000 would be £5,700 paid in tax, subsequently split into £1,900 on welfare and pension payments, almost £1,000 on healthcare , £750 on education and £360 on national debt repayments.
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