This report has two main objectives. First, to assess the main political parties’ leading proposals on tax cuts for the next Parliament. Second, to consider whether there is a different approach to that advocated by the main parties that would better serve low and middle income Britain.
A comparison of the effects of spending the same sum of money on two alternative tax reforms that are also being aired in the run-up to the Budget – raising the threshold at which workers have to pay NICs, and raising the higher rate tax thresholds so that fewer people get dragged into the 40 pence … Continued
The income tax personal allowance is set to increase to £8,105 in April 2012, rather than the £7,900 it would have been if increased in line with September’s RPI. But small changes across tax credits mean losses for many low to middle income households. Read our analysis of the changes to the personal allowance and … Continued