Half the British public doesn’t understand income tax
Tax Policy Associates
by Dan
1w ago
New polling evidence from Tax Policy Associates and WeThink shows that half the public doesn’t understand a basic principle of income tax: the way that tax rates apply to income above a threshold. Our polling suggests that 50% of people believe that, once you hit the higher rate threshold, the 40% higher rate applies to […] Source ..read more
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Are you living with your spouse? The unreal world of capital gains tax
Tax Policy Associates
by Dan
3w ago
It’s very hard for normal people to understand tax legislation, and it’s often equally hard for tax lawyers, unless they have a deep familiarity with the rules. Here’s an example, promoted by the Angela Rayner CGT controversy (although I don’t believe this point has any bearing on her position). A couple who are not living […] Source ..read more
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The Post Office’s top priority is covering-up its mistakes
Tax Policy Associates
by Dan
1M ago
The Post Office’s incompetent compensation process left thousands of postmasters with large tax liabilities. When we revealed this, the Government forced the Post Office to fix the situation – but the Post Office did so far too slowly. New Freedom of Information Act disclosures reveal that, when we identified this new problem, the Post Office’s […] Source ..read more
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The Post Office has finally stopped intimidating postmasters into silence; but it’s too late
Tax Policy Associates
by Dan
1M ago
Aside from the labelling of nil offers which we accept was inappropriate, and without waiving privilege in their advice, our legal advisers confirmed that the 'Without Prejudice' label on offers of financial compensation was entirely correct and proper as a matter of law and recommended that we keep the labelling on such offers. Source ..read more
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Less Tax for Landlords’ tax guru expelled from the ICAEW
Tax Policy Associates
by Dan
1M ago
Less Tax for Landlords was the trading name of the One Consultancy Group. It was badly named, because its incompetence means many landlords are now paying more tax. Most of LT4L’s key staff were salesmen who, by their own admission, know nothing about tax. They relied on LT4L’s co-founder Chris Bailey. Bailey was previously severely […] Source ..read more
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“No tax for genocide” – an anti-tax cult, and its false claim you can legally stop paying tax
Tax Policy Associates
by Dan
1M ago
There’s a campaign claiming that you can legally stop paying tax to protest the war in Gaza, or even that it is illegal for you to pay tax. None of the claims have any legal basis – they originate in a racist US anti-tax cult. The man behind the campaign used the same arguments to […] Source ..read more
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Public attitudes to paying more tax to fund the NHS
Tax Policy Associates
by Dan
1M ago
The Sunday Times has a report on the poor state of NHS infrastructure. Thanks to pollsters WeThink, we polled public attitudes to paying more tax to provide the NHS with additional funding. We found a majority against raising tax, and few of those in favour of raising tax willing to pay more than £100 per […] Source ..read more
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The Lib-Dem buyback tax won’t raise £2bn, and could raise nothing
Tax Policy Associates
by Dan
1M ago
The Lib Dems are proposing a 4% tax on share buybacks that they say would raise £2bn/year. It’s based on a similar proposal in America. But circumstances in the US and UK are very different. This means that the rationale for the US tax isn’t terribly relevant to the UK and, more importantly, that Lib […] Source ..read more
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The Budget tax cut nobody’s talking about, and why we need more
Tax Policy Associates
by Dan
1M ago
Until last week’s Budget, someone earning £50k with three children under 18 faced a marginal tax rate of 71%. That was deeply unfair to those affected, and damaging for the country as a whole. So it’s great news that this marginal rate has been cut to 57% – about 500,000 families will benefit. But other […] Source ..read more
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Interactive marginal tax rate chart – March 2024
Tax Policy Associates
by Dan
1M ago
This interactive chart lets you see the current rUK and Scottish marginal tax rates for 2023/24 and 2024/25, with/without child benefit and student loans. You can turn on/off different years and options by clicking on the legend below the chart. Some of these charts won’t work well on mobile; you can see static versions here. […] Source ..read more
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