Income Tax (IT)

Start Income Tax collection from £12,000, currently at £12,700 and alter every several years.

Interest paid from banks and bonds to personal accounts should have basic rate income tax deducted at the source.

Increase threshold of income of £50,000 to £120,000, before the loss of child benefits and nursery time.

Charge a 35% tax on lottery, game show winnings and Premium Bond winnings over £1,000, with the tax deducted at the source.

Change to the online gambling taxes, whilst ensuring the tax does not flow abroad.

Income earned for personal services in the UK should be subject to UK Income Tax, regardless of the legal structure it is paid through.

Non-UK nationals can choose to pay a flat tax of £50,000 a year.

Change the lump sum that can be drawn out Tax free from 25% to 12.5% from 55.

Annual gains on capital or investment income within the pension wrapper will be taxed at 25% and paid annually.

New 25% "Pension Guarantee Levy" on the growth in value of index-linked pensions each year.

Reduce complexity of taxation.

Redundancy, remove Income Tax relief on recipient.

Statutory Redundancy should be capped at three months' salary.

Stop charity donation as being deductible from income tax.

Remove all Tax relief on Sports Testimonials.

Remove Tax relief to recipients of any Redundancy.

Bold new approach to income tax: a single, proportional tax rate of 35%.

Bringing the deadline for Income Tax return submission and final payment forward to 31st October, from the current 31st January the following year.