Media and politics

As we enter the final run-up to polling day, we have pulled together a helpful spreadsheet to enable you to compare the tax policies of the main parties contesting the General Election in Scotland, England and Wales.

The 2019 CIOT/ATT tax tracker allows you to see proposals from the Conservatives, Labour, SNP, Liberal Democrats, Greens, Brexit Party and Plaid Cymru.

This week also saw Plaid Cymru and the Brexit Party set out their pledges to voters, with extra powers for Wales and the scrapping of Inheritance Tax their respective headline tax measures.

Scotland’s political parties have been setting out how their approaches to tax and dropping hints on what we may see at the next Scottish Parliament elections in 18 months’ time.

There was not much love for the government’s Digital Services Tax (DST) at the latest CIOT/Institute for Fiscal Studies (IFS) debate.

The Conservative Party have published their general election manifesto, promising not to raise the rates of income tax, National Insurance or VAT in the next Parliament.

The Labour Party has published its ‘Fair Tax Programme’, promising to raise more than £6 billion a year with measures including an Offshore Property Company Levy, scrapping non-dom status and trebling the number of audits carried out by HMRC.

The Conservatives have not yet published their election manifesto. There are rumours it will be published on Sunday. But the party has revealed a number of elements of its tax plans this week.

The Labour Party have published their general election manifesto, which includes plans for higher corporation tax, income tax increases for those earning more than £80,000 and taxing capital gains and dividends at income tax rates with a single allowance.

The Liberal Democrats have set out plans for significant reforms to business taxation and to tax capital gains and income through a single allowance. Business rates would be replaced with a new Commercial Landowner Levy and business taxation would be ‘simplified’ to lower administration costs.

A Green Party government would merge income tax, employees’ national insurance, taxation of dividends, capital gains tax and inheritance tax into a single Consolidated Income Tax. According to the party’s manifesto, published today (19), this would raise an extra £20 billion a year of revenue. The Greens also propose replacing the income tax personal allowance with a Universal Basic Income.