Tag: Budget - Tax Policy Associates

Posts tagged "Budget"

Nov 26, 2025 Analysis

The Budget – what it says

Here’s our summary of the Budget and a quick take on what the various measures are likely to mean. (The first draft of this article appeared unusually early, thanks to the OBR accidentally publishing their assessment of the Budget about half an hour before the Chancellor started her speech.) Key elements It’s all about fiscal […]

Nov 26, 2025 Analysis

The Budget small print: six key reforms to watch

Most of the attention during and after the Budget will be on the big tax-raising measures. But there are an unusual number of important other items, which appear technical, but will impact everyone from billionaire non-doms to the poorest people in the country. None of these items are likely to be mentioned in the Budget […]

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 […]

houses

Aug 21, 2025 Analysis

Will Labour tax your house sale? Why CGT on homes makes no sense

Reports suggest Labour may introduce capital gains tax on home sales in the Autumn Budget. It sounds like an easy revenue raiser – but the evidence shows it would slash transactions, gum up housing chains, and could even collect less tax overall. With stamp duty already doing huge damage, the last thing we should do […]

IPPR report on increasing gambling tax

Aug 8, 2025 Analysis

Why I’m torn on increasing gambling duties

The Institute for Public Policy Research (IPPR) has proposed large increases in gambling taxes to raise £3bn. The £3bn would be used to remove the two-child benefit limit and the household benefit, “lifting around half a million children out of poverty overnight”. However there’s a gap between how the proposal is being pitched – taxing […]

a chart showing the number of OECD countries applying a wealth tax declining from 12 in 1990 to four today

Jul 22, 2025 Analysis

Wealth taxes: high risk, unworkable and anti-growth

A UK wealth tax is often promoted as an easy revenue-raiser that would only affect the very rich. Our analysis finds the opposite: the revenue is highly uncertain, and would arrive only after years of complex implementation. Most importantly, the tax would lower long‑run growth and employment, thanks to a decline in foreign and domestic […]