Tax policy proposals - Page 2 - Tax Policy Associates

Posts in "Policy"

Nov 12, 2025 Policy

The Budget 2025 tax calculator

This online calculator calculates your tax on employment, self-employed or partnership income, and shows how it changes under a variety of Budget proposals. It charts the marginal and effective tax rate at all income levels, and shows where you fall on that chart. Now updated for the actual Budget, with rates for 2026/27 rates and […]

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Rachel Reeves plans Budget tax raid on
expensive homes

UK chancellor predicted to plump for ‘least worst option’ of creating higher council tax
bands in England

Nov 2, 2025 Policy

Council tax on ‘expensive homes’ – but most of the money comes from the not-so-rich

The FT has reported that Rachel Reeves is planning a “Budget tax raid on the owners of expensive homes”, expected to raise around £4bn. But less than a 20% of that revenue comes from homes in the top council tax band, while roughly 80% comes from the much larger group of homes in the second-highest […]

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Steven Swinford, Political
Editor

Tuesday October 21 2025,

6.00pm, The Times

Budget

Economics

MK VIDEO

Tax raid on solicitors and GPs
as Rachel Reeves targets
wealthy

The chancellor considers the national insurance exemptions offered by
limited liability partnerships to be unfair, and will use her budget to
change the rules

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Oct 21, 2025 Policy

The £2bn lawyer tax – should Rachel Reeves tax LLPs?

Doctors, lawyers, accountants, fund managers, and other high earning professionals are often members of partnerships and LLPs. They’re not employees – and so there’s no 15% employer national insurance. This creates a big tax saving. The Times is reporting that Rachel Reeves is considering changing this – and that it could raise £2bn. UPDATE evening […]

model houses

Aug 23, 2025 Infographics • Policy

Council tax on expensive homes: could the Budget raise £1bn+?

The Government needs money. Council tax is regressive – high-value properties pay a trifling sum in comparison with their value. It must be tempting for Rachel Reeves to solve both problems in one go by raising council tax on high-value properties. We’ve created an interactive calculator that shows how this could be done, and how […]

a tractor working a field

Aug 15, 2025 Policy

A fair solution to inheritance tax on farms and small businesses

There has been a huge amount of controversy over the inheritance tax changes in last year’s Budget. They raised £500m, but hit some small farms and small businesses unfairly – whilst not stopping much existing inheritance tax avoidance. There’s a new proposal from CenTax which seems to do the impossible: protect small farms and businesses, […]

Nov 24, 2024 Policy

How to stop IHT avoidance but protect farmers

New data suggests that one third of the farm estates affected by the Budget changes aren’t owned by farmers – they’re held by investors for tax planning purposes. This suggests the Budget proposal doesn’t go far enough to stop avoidance, but goes too far in how it applies to actual farms. There’s a better approach […]

The Observer
Tax

Michael Savage and
Raphael Boyd

Sat 26 Ocl 2024 16.00 BST

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Thousands are fined by HMRC even
though they don't owe any UK tax

Campaigners call for reform after more than 83,000 low
earners are hit by HMRC penalties

IM Re
ve;
Custo mate

HM Revenue
& Customs

i There are concerns about the extent ta which people who are vulnerable or facing financial
hardship are being issued with the penalties for failing to submit a self-assessment tax form on
time. Photocraoh: Ascannin/Alamy

Oct 29, 2024 Policy

How to reform HMRC penalties for people on low incomes

Between 2018 and 2022, almost 660,000 people on low incomes received a penalty for not filing a tax return on time. Very few of them earned enough to pay any tax. But, by failing to submit a tax return, they were fined at least £100, and often thousands of pounds. For most of those affected, the penalty represents more than half their weekly income. This report illustrates the scale of the problem. 45% of all HMRC late filing penalties were charged to people on low incomes, most of whom actually owed no tax. We believe the law and HMRC practice should change, and we make three key recommendations.

Oct 26, 2024 Policy

The public’s surprising choice of tax increase, and why we should ignore it

Gabriel Milland of Portland Communications has published polling conducted by the Portland research team in early October. Gabriel takes some interesting political conclusions from the polling (and I’d recommend his article). However, my focus is what the polling says about tax policy, and about polling on tax policy. Amended to include the answers – apologies […]

Oct 18, 2024 Policy

The tax longlist – 35 ways Rachel Reeves could raise £22bn

Rachel Reeves has said there is a £22bn “black hole” in the public finances, and that she’ll have to raise tax to fill it. Labour are heavily constrained by their pre-election promises, and that makes raising £22bn a challenging endeavour. But certainly not impossible. This is an updated version of my August article. I’ve previously […]