Many thanks to the Adam Smith Institute for having me on the Tax Freedom Day panel this evening. I promised I would publish my referenced slides: find them here.
Tag Archives: Tax
My letter to constituents on my role in axing the Tampon Tax follows below. Thank you for writing to me about the abolition of the “Tampon Tax”. Having fought for it, I am very pleased a zero rate of VAT now applies to women’s sanitary products. This is part of wider action by this Conservative Government to end period poverty, which includes free sanitary products in schools, colleges and hospitals. You can find the Government’s announcement here: https://www.gov.uk/government/news/tampon-tax-abolished-from-today In particular, “The Chancellor […]
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 […]
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 […]
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.
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 […]
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 […]
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 […]