Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

Fourteen years of missed opportunities

14 June 2024
Issue: 4941 / Categories: News

There has been a lot of tax policy change since 2010 and a lot of complexity added –new taxes and new differentiated rates allowances and reliefs added to existing taxes. But opportunities were missed to improve the design of the tax system finds a new report from the Institute for Fiscal Studies (IFS).

The report which was funded by the abrdn Financial Fairness Trust and the Nuffield Foundation notes that relative to 2010 the government now raises more revenue (as a share of national income) from income tax VAT corporation tax and capital taxes. Less is raised from fuel and tobacco duties and from business rates.

The share of over-65s paying income tax has risen rapidly from 48% in 2010-11 to 65% in 2023-24 – higher than the share of working-age adults paying income tax...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon