For most people, buying something means working to pay for it. The more expensive something is, the longer we have to work to earn the money to buy it. But how much of the time we spend working to buy something is needed to pay for the purchase itself, and... Read more...
Taxes on capital income are poorly designed. In particular, the UK corporate tax system is a mess, fundamentally designed for another age. It’s in desperate need of comprehensive reform. Capital gains tax and corporation tax are taxes on income streams which are particularly harmful to economic performance. They should be... Read more...
Every year Her Majesty’s Revenue and Customs (HMRC) estimates how much tax revenue is lost to the black market. The annual report, Measuring Tax Gaps, is an annual report looking at a range of ways in which HMRC loses out on revenue from a range of direct and indirect taxes.... Read more...
Government Payment Cards (GPCs) are used in the public sector to purchase a range of goods or services from basic office supplies to the wages of temporary staff. They can simplify high-volume, low-value transactions and provide flexibility. Scrutiny is however important. In 2012 the National Audit office confirmed that while... Read more...
National insurance is a tax on labour. Two taxes, in fact. Running three slightly different income tax systems is a century-old relic that should have no place in a modern, transparent tax system. National Insurance should be abolished in three phases: 1. Transparency now. First, at this year’s autumn statement,... Read more...
Following the EU referendum result, the Scottish government announced that Scottish independence was once again “on the table”. However, most objective analysis shows that Scotland today couldn't afford independence, with the loss of English subsidies entailing a huge and unsustainable fiscal deficit. In short, the country is living beyond its... Read more...
The Government is spending over £770 billion of taxpayers' money this year, more that ever before. The TaxPayers' Alliance's per person spending factbook tells you where your money is going. To read the factbook click here Sources and methodology: UK population, Households and families Source: Population: Office for National Statistics,... Read more...
For many years, politicians have cited the high cost of living in the UK as a major challenge in need of a policy response. However, all too often it is government policy that causes the high cost of living. For example, energy bills rise because of ineffective “green taxes” and... Read more...
Property taxes impose a substantial burden on taxpayers across the country, despite frequent claims that property in the United Kingdom is undertaxed. This paper presents data showing how property taxes vary across regions compared to estimates of regional GDP, how their composition between Council Tax, business rates and stamp duty falls, and how... Read more...
The influence of the public health lobby seems to be increasing. Not only do we have several quangos dedicated to the task such as Public Health England, but the Health and Social Care Act returned many associated competencies to local government. There are clearly areas in which guidance must be... Read more...
High Speed 2 is part of the Government’s effort to increase rail capacity between the North and South of England and to deliver greater economic growth in the North of England. Phase one, from London to the West Midlands, is expected to begin construction in 2017 (presuming Royal Assent is... Read more...
The housing crisis has prompted the government to take a number of policy decisions aimed at making it easier for people to buy a home. Together with policies implemented by local authorities, much has changed in property markets for owner-occupying buyers, landlords and tenants. These changes are not sufficient to... Read more...
As has repeatedly been found amongst countries that have attempted them, sugar taxes have been poor at improving public health. What is perhaps equally important is the damaging effect that the tax has had on employment. Taxes nominally levied on businesses such as Corporation Tax, lead to lower employment and/or... Read more...
The United Kingdom has voted to leave the European Union so it is essential that politicians put together a plan for growth that ensures the security and stability of the economy. It should also be seen as an exciting opportunity to demonstrate that the UK is ready to do business... Read more...
Several countries tax sugar-sweetened beverages, one of the most recent being Mexico. In 2014, a one peso per litre on SSBs was introduced to reduce levels of obesity within the population. Subsequent studies have indicated that the reduction in soft drink consumption has been small. This note uses the reported... Read more...
In October 2010, the Cabinet Office Minister Francis Maude announced that 192 Quasiautonomous Non-Governmental Organisations (quangos) would be abolished and a further 118 merged. What are colloquially referred to as quangos are in fact a combination of nonministerial departments, executive agencies, non-departmental public bodies and others. They have a wide... Read more...
Announced in the 2016 budget, the soft drinks industry levy (the sugar tax), will be paid by producers and importers of “water-based added sugar soft drinks” from April 2018. It is expected that the levy will have two rates (18 pence and 24 pence) dependent on the drink’s sugar content... Read more...
The efficient procurement of defence equipment has long been a challenge for British governments. It is an extremely complex process that is yet to be mastered with vast sums of money invariably at stake – procurement and support of military equipment consumes around 40 per cent of annual defence cash... Read more...
In Windsor and Maidenhead, our approach to Government is to only take in Council Tax what is absolutely necessary to spend to deliver high quality services at a low cost. In many authorities the elected representatives and their officials would say exactly the same thing – but in Windsor and... Read more...
Trafford Council is the third lowest funded Metropolitan District in the country, receiving only £365 per head against an average of £591, an equivalent loss of £49.3 million. However, Trafford also has the 19th lowest Council Tax in the Country, because it has a culture of delivering a high level... Read more...
With Tata Steel putting its Port Talbot steelworks up for sale and saying the value of its UK steel operations are "almost zero", clamours for nationalisation of the ailing industry are growing. This briefing paper discusses the following questions: How important is the steel industry to the UK? Why is... Read more...
New research by the TaxPayers' Alliance reveals the full cost of payments to local councillors - two thirds of a billion pounds over three years. Many councillors receive modest allowances appropriate to the work they do in representing local taxpayers but the variation in what is paid to those in... Read more...
The recent deluge of headlines about Google’s tax settlement with HMRC has once more demonstrated public anger with the tax system. The consensus that substantial reform of Corporation Tax is required has never been greater. The Treasury Select Committee has realised his and opened an inquiry titled “UK tax policy and... Read more...
Successive governments have seen changes to the tax treatment of pensions as a means of increasing revenues. Nigel Lawson introduced a tax on pension fund surpluses, Gordon Brown abolished Advance Corporation Tax and George Osborne has reduced the lifetime and annual allowances by 44 and 84 per cent respectively. Now... Read more...