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David Cameron on our plans to take the family home out of Inheritance Tax


Via Share the Facts, David Cameron explains our plans to take the family home out of Inheritance Tax: And also via Share the Facts, the detail: Many families who have worked hard, saved and put money into their home are caught by Inheritance Tax – a tax that should only be paid by the rich. It should not be paid by people who want to pass on the family home to their children. So we are announcing that the next Conservative government […]

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A tax cut for over 26 million people


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Via Share The Facts, new tax and benefit changes have come into effect: They’re the latest part of our plan to give more security to hardworking taxpayers. They include: Raising the level at which people start paying income tax to £10,600 – cutting tax for over 26 million people and lifting over three million out of tax altogether since 2010 Giving people freedom over their pensions – so you’re not forced to buy an annuity when you retire, but free […]

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Recent HMRC evidence on tax avoidance and evasion busts another myth


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A recent email campaign sought to suggest that this Government has been soft on tax avoidance and evasion. It is not true. As the responsible minister, David Gauke, has set out: HMRC has secured more than £85 billion in compliance yield since the beginning of the Parliament, £31 billion from large businesses and £850 million from high-net-worth individuals. The Government introduced the UK’s first general anti-abuse rule to tackle abusive tax avoidance arrangements. The Finance Act 2014 introduced measures to ensure […]

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The choice at the next election in 80 seconds


Via sharethefacts.conservatives.com, “the choice at the next election in 80 seconds”: The election in May is the most important in a generation, and the choice couldn’t be clearer. It’s between the competence of the Conservatives, with a long-term economic plan that is securing a better future for Britain – or the chaos of a weak Labour leader propped up by who-knows-what minor party. You can join Wycombe Conservatives or donate here.

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Council Tax set to rise by about 6p per week for policing


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As reported by the Bucks Free Press, the police element of council tax will be rising by 1.99% to protect the frontline. The story does not explain that the rise is about £3.19 per year for a band D property, or about 6p each week. Our Police and Crime Commissioner Anthony Stansfeld is responsible to the public at the ballot box for policing in the Thames Valley. As set out on his website: The job of the PCC is to ensure that the policing […]

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Cutting income tax for 30 million people


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Via Share The Facts: While Labour and the Lib Dems have confirmed they will raise taxes, we’re committed to cutting income tax and rewarding hard work. Income tax cuts are a key part of our long-term economic plan – to help taxpayers keep more of their hard-earned money and be more financially secure. In this Parliament, we’ve halved the deficit as a percentage of GDP and cut taxes at the same time – proving that tax cuts and a stronger […]

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Ed Miliband admits he’ll tax you more


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Via Share the Facts: Asked by Andrew Marr if he’ll raise taxes, Ed Miliband’s answer was clear.

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An important truth about tax: history shows a limit to what people will pay


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Following the Prime Minister’s pledges on tax, the commentators are at work dissecting the implications. The Financial Times in particular is critical. An important fact seems to have been forgotten. The evidence of the past century is that there is a practical limit to how much tax a government can take. During my lifetime, it has not mattered whether governments have been of left or right, whether they have appeared to lower taxes or raise them, about 40% of GDP has been […]

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Air Passenger Duty Cuts


Air passenger duty is a tax paid by airlines which is typically passed onto their customers within ticket costs. It is banded on the distance from London to countries’ capital cities, with a reduced rate for economy class passengers. At Budget 2014, the Government announced a significant reform to air passenger duty to bring the cost of long-haul travel down to a uniform duty rate. From 1 April 2015 any country over 2,000 miles from London will fall into the […]

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A summary of the Autumn Statement


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The Conservative Party’s summary of the Autumn Statement is as follows. Backing business all the way: Local businesses will benefit from a cap on business rate rises and an extension of rate relief. The increase in business rates next year will be capped at 2 per cent – businesses were expecting a rise of 3.2 per cent. We are also extending and expanding the doubling of small business rate relief, making more businesses eligible for it and keeping it up […]

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