Policy in Practice, an influential software and and analytics company, have published an important report confirming what Tax and the Family have been saying for years – that it is not only low income families who are affected by the interaction between income tax and universal credit. Their analysis shows that even households with incomes in excess of £100,000 could be paying income tax and getting universal credit and as a result have a high marginal rate and have a little incentive to earn more.
Read MoreA new report by the influential Centre For Policy Studies calls for fairness for families to be at the heart of the tax system.
Read MoreMargaret Thatcher blocked a key component of Nigel Lawson’s plan for independent taxation. How many people know this?
Read MoreLord Lawson of Blaby, arguably the most influential postwar Chancellor, has died at the age of 92. The tax system we have to day is part of his legacy. However, it is not the one he wanted. This was blocked by Margaret Thatcher.
Read MoreOffice of Budget Responsibility say the effect of frozen or reduced personal tax thresholds is to increase tax receipts (and reduce household incomes) by £12 million a year in 2023/24 rising to £25 million in 2024/25 and £29 million (1 % of GDP) in 2027/28.
Read MoreThe highly respected Resolution Foundation have said that it is the fast growing group of families receiving Universal Credit (UC) who are also having their child benefit withdrawn due to there being an earner in the household on between £50K-£60K.
Read MoreSpring Budget unlikely to make it much easier for parents with young children to re enter the workforce - Tax and the Family say.
Read MoreDominic Lawson in an article in the Daily Mail praises Tax and the Family for campaigning about the unfairness of the tax system and asks why if the Conservatives are meant to be the party of the family they don’t put families first.
Read MoreThe Chancellor announced on Thursday in his autumn statement both tax increases and cuts to public spending. The tax burden is already at an historic high. Family finances are under severe pressure. It is all the more important therefore that we should be sharing the tax burden between ourselves as fairly as possible.
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