“Today’s Budget was an opportunity to tackle tax reform head-on rather than yet more rate tinkering. Some of the Chancellor’s announcements are a small step in that direction. But they are less a ‘smorgasbord’, more a series of nibbles.
“This may feel like a ‘big Budget’ of tax reforms, but that’s only because successive governments have done so little in the way of serious reform that we’ve forgotten what it looks like.
Today’s Budget was an opportunity to tackle tax reform head-on rather than yet more rate tinkering. Some of the Chancellor’s announcements are a small step in that direction. But they are less a ‘smorgasbord’, more a series of nibbles.
This may feel like a ‘big Budget’ of tax reforms, but that’s only because successive governments have done so little in the way of serious reform that we’ve forgotten what it looks like.
A rare alliance of leading think tanks unveils joint plan for fairer, pro-growth reform – without raising overall levels of taxation.
A coalition of leading think tanks from across the political spectrum has today set out a plan to fix Britain’s broken tax system and get the economy growing again.
Tax Reforms for Growth, co-authored by experts from think tanks such as the Centre for the Analysis of Taxation (CenTax), the Centre for Policy Studies (CPS), the IPPR, the Adam Smith Institute, the New Economics Foundation, Bright Blue, the Joseph Rowntree Foundation (JRF), outlines seven revenue-neutral reforms that would make the UK’s tax system “fairer, more effective and more pro-growth”.
Last week, CenTax and Blick Rothenberg co-hosted a breakfast with private client intermediaries, to discuss the future of HNWI taxation in the UK.
The event was chaired and host by Nimesh Shah (CEO, Blick Rothenberg) and Malli Kini, (Private Client Partner, Blick Rothenberg). CenTax directors Arun Advani and Andy Summers were joined on the panel by Chris Hulatt, co-founder of Octopus Group.
The CenTax team attended the Labour and Conservative party conferences again this year, hosting four panels in total, alongside the Chartered Institute for Taxation (CIOT), the Institute for Public Policy Research (IPPR) and the Centre for Policy Studies (CPS).
Appearing at this morning’s Treasury Select Committee, Professor Arun Advani argued that the Foreign Income and Gains (FIG) regime encourages “wealthy people to come here but not to invest here.”
In September, CenTax hosted a two-day academic workshop bringing together researchers from across the world to explore how firms respond to labour supply shocks.
Across a series of insightful presentations, participants shared empirical work on worker outcomes, firm performance and adjustment, and the broader economic implications of policy changes.
Almost half the revenue raised from introducing Partnership NICs would be raised from partners in the top 0.1%. By providing the same allowances as available to employees, 66% of current partners would pay no additional tax. This analysis comes from a new report from the Centre for the Analysis of Taxation (CenTax) using HMRC tax data.
A new report by researchers at the Centre for the Analysis of Taxation (CenTax) [1] provides the first independent, data-driven assessment of how the Government’s Inheritance Tax (IHT) reform [2] will affect farm estates.
Using detailed HMRC Inheritance Tax data, the report estimates that around 30% of farm estates [3] would be impacted by the reform, of which around 200 estates per year potentially comprise family farms valued at less than £5 million.
The cross-party Environment, Food and Rural Affairs Select Committee has published the report of its inquiry into “The Government’s Vision for Farming,” to which CenTax Director Dr Arun Advani gave oral evidence on 11 December 2024.