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AI Revenue Policies
When Government raises Tax rates and/or add new Taxes without reducing other Tax burdens, they have failed.
Area
Budget Billions
Changed Billions
New Budget Billions
Increase (%)
Capital Gains Tax
£20.00
£13.88
£33.88
69.40%
Corporation Tax
£100.00
£48.05
£148.05
48.05%
Income Tax
£300.00
£121.42
£421.42
40.47%
Inheritance Tax
£10.00
-£1.90
£8.10
-19.00%
National Insurance
£250.00
-£99.00
£151.00
-39.60%
Other Revenue
£250.00
£18.05
£268.05
7.22%
VAT
£200.00
£58.15
£258.15
29.08%
Total
£1,130.00
£158.65
£1,288.65
14.04%
The Taxation increases would increase Tax burden from highest ever of 37% to a new high of 42.8%.
Capital Gains Tax (CGT)
Capital Gains Tax:Total Budget £20 Billion
Revised Budget £33.9 Billion changed by £13.9 Billion: 169.4% Increase
Capital Gains Tax Capital Gain Tax Rates
Policy:
Scrape the special 18% lower rate on Capital Gains.
Increase Capital Gains Tax rate from 24% to 25%.
Annual Revenue Increase of £3 Billion
Capital Gains Tax ISA Removal
Policy:
Removal of all current Cash and Share ISAs and no future ISAs.
Annual Revenue Increase of £3.6 Billion
Capital Gains Tax Principal Property
Policy:
New Capital Gains Tax on gains made from the sales of Principal Property at reduced rate of 10% on gain.
Annual Revenue Increase of £7.3 Billion
Capital Gains Tax Business Disposal
Policy:
Increasing the entrepreneur's lifetime limit to £5 million
and cutting their Capital Gains Tax rate on success to 12.5%, which would be a 50% reduction on the full changed rate.
Annual Revenue Increase of £20 Million
Capital Gains Tax Crypto Currency
Policy:
Add a direct question to the tax return to leave no doubt that crypto gains are taxable.
New technological reporting system must be mandated with crypto exchanges to end anonymous trading and ensure every taxable gain is declared and paid.
Annual Revenue Increase of £10 Million
Corporation Tax (CT)
Corporation Tax:Total Budget £100 Billion
Revised Budget £148.1 Billion changed by £48.1 Billion: 148.0% Increase
Corporation Tax Corporation Tax Rates
Policy:
Removal of small companies Corporation Tax rate.
Increase current Corporation Tax rate of 25% to 35%, partly funded by substantially reduced Employers National Insurance contribution costs.
Annual Revenue Increase of £39 Billion
Corporation Tax Tax Reliefs
Policy:
Remove non-structural Tax reliefs.
Annual Revenue Increase of £5 Billion
Corporation Tax Research & Development
Policy:
Remove the "super-deduction" for Technology Relief and Research & Development.
Annual Revenue Increase of £3 Billion
Corporation Tax Dividends
Policy:
Dividends paid to UK resident taxpayers should be fully deductible from a non-quoted company's profits before it pays Corporation Tax.
Annual Revenue Increase of £50 Million
Corporation Tax Overseas Companies
Policy:
Introduce a new company type for overseas-owned entities that trade or invest exclusively outside the UK.
Annual Revenue Increase of £1 Billion
Income Tax (IT)
Income Tax:Total Budget £300 Billion
Revised Budget £421.4 Billion changed by £121.4 Billion: 140.5% Increase
Income Tax Annual Allowance
Policy:
Start Income Tax collection from £12,000, currently at £12,700 and alter every several years.
Annual Revenue Increase of £3 Billion
Income Tax Bank and Fixed interest
Policy:
Interest paid from banks and bonds to personal accounts should have basic rate income tax deducted at the source.
Annual Revenue Increase of £25 Billion
Income Tax Clawing back Benefits
Policy:
Increase threshold of income of £50,000 to £120,000, before the loss of child benefits and nursery time.
Annual Revenue Reduction of £-6 Billion
Income Tax Gambling Winnings
Policy:
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.
Annual Revenue Increase of £1 Billion
Income Tax Getting paid via Companies
Policy:
Income earned for personal services in the UK should be subject to UK Income Tax, regardless of the legal structure it is paid through.
Annual Revenue Increase of £1.6 Billion
Income Tax Non-Doms
Policy:
Non-UK nationals can choose to pay a flat tax of £50,000 a year.
Annual Revenue Increase of £2.5 Billion
Income Tax Pensions
Policy:
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.
Annual Revenue Increase of £10 Billion
Income Tax Redundancy
Policy:
Redundancy, remove Income Tax relief on recipient.
Statutory Redundancy should be capped at three months' salary.
Annual Revenue Increase of £1.6 Billion
Income Tax Tax Rates
Policy:
Bold new approach to income tax: a single, proportional tax rate of 35%.
Annual Revenue Increase of £80 Billion
AI summary of feedback being fact checked and sourced, before being displayed.
Income Tax Reducing Cost of collecting Tax
Policy:
Reduce complexity of taxation.
Annual Revenue Increase of £20 Million
Income Tax Scope of Income Tax
Policy:
Stop charity donation as being deductible from income tax.
Annual Revenue Increase of £1.5 Billion
Income Tax Stopping Employment
Policy:
Remove all Tax relief on Sports Testimonials.
Remove Tax relief to recipients of any Redundancy.
Annual Revenue Increase of £1.2 Billion
Inheritance Tax (IHT)
Inheritance Tax:Total Budget £10 Billion
Revised Budget £8.1 Billion changed by £-1.9 Billion: 81.0% Reduction
Inheritance Tax Pension
Policy:
No IHT on pensions, ever.
Annual Revenue Reduction of £-1.6 Billion
Inheritance Tax Seven Year Rule
Policy:
Scrap the 7-year rule and bring in a simple, 100-day plan for gifts.
Annual Revenue Reduction of £-2 Billion
Inheritance Tax Spouse / Partner
Policy:
Surviving spouse or Civil Partners, where no Inheritance Tax is due,
Capital Gains Tax must be paid on the profit made over the years.
Annual Revenue Increase of £3 Billion
Inheritance Tax Who Pays
Policy:
Reduce the current rate of 40% Inheritance Tax in half, to 20%.
Annual Revenue Reduction of £-2.3 Billion
Inheritance Tax Tax Rate
Policy:
Genuine working farms and UK trading businesses are completely protected from Inheritance Tax.
Annual Revenue Increase of £1.5 Billion
Inheritance Tax Charitable Donations
Policy:
Make all UK Charity donations exempt from IHT.
Annual Revenue Reduction of £-500 Million
National Insurance (NI)
National Insurance:Total Budget £250 Billion
Revised Budget £151 Billion changed by £-99 Billion: 60.4% Reduction
National Insurance Employees National Insurance
Policy:
Remove Employee National Insurance Contributions all together.
Annual Revenue Reduction of £-75 Billion
National Insurance Employers National Insurance
Policy:
Cut the rate of Employer's National Insurance from 15% to 10% and adjust the salary bands
The starting point for paying would be raised from £5,000 to £12,000, to match Income Tax personal allowance.
Cap would be introduced at a £50,000 salary, replacing the current unlimited system.
Annual Revenue Reduction of £-34.5 Billion
National Insurance Employers National Insurance Relief
Policy:
Scrap the current Employers National Insurance Relief system and create a new "Start-up Jobs Grant".
Annual Revenue Increase of £10.5 Billion
National Insurance Self-Employed changes
Policy:
Fully merge the taxation of self-employed profits into the new, simplified Corporation Tax system.
Other Fees & Revenue Changes
Other Revenue:Total Budget £250 Billion
Revised Budget £268.1 Billion changed by £18.1 Billion: 107.2% Increase
Other Revenue EV Charging Levy
Policy:
EV Levy from all commercial charging stations at 30p per Kilowatt hour.
Annual Revenue Increase of £1.5 Billion
Other Revenue Fuel Duty Increase
Policy:
Increase fuel duty to 75p per litre and have a downward adjustment mechanism if oil price increase/spikes outside of control of the UK from external events.
Annual Revenue Increase of £12 Billion
Other Revenue Healthcare GP and Health Centre appointments Fees
Policy:
£25 charge for GP visits, with the vulnerable fully protected.
Annual Revenue Increase of £1.8 Billion
Other Revenue Healthcare Medication Fees
Policy:
Automatic free prescriptions based on age must end.
Annual Revenue Increase of £1 Billion
Other Revenue Healthcare Tests and Scans Fees
Policy:
Fair charge should be introduced for tests and injections that are not medically necessary.
Annual Revenue Increase of £600 Million
Other Revenue Healthcare Treatment Fees
Policy:
Non-essential healthcare a charge would be made.
Annual Revenue Increase of £7.5 Billion
Other Revenue Oil & Gas Licences
Policy:
Grant new North Sea oil and gas licenses.
Annual Revenue Increase of £3 Billion
Other Revenue Rates
Policy:
Comprehensive review of the current business rates system.
Annual Revenue Increase of £1 Billion
Other Revenue State Housing
Policy:
Government properties, increase rent to minimum of 70% of Commercial rent, currently on average of 50%.
Annual Revenue Increase of £3 Billion
Other Revenue Student Loans
Policy:
Accelerate recovery of student debt and offering discount for early repayment.
Reduce rate of interest charged on outstanding amounts.
Annual Revenue Reduction of £-15 Billion
Other Revenue Tax Evasion ongoing
Policy:
Unleashing modern technology—using AI and data science and better Government co-ordination to find Tax evaders.
Annual Revenue Increase of £1 Billion
Other Revenue Transport
Policy:
Road Haulage Annual License/Fee for European Haulage vehicles to travel on UK roads.
Non-UK registered Lorry crossing of the Irish Sea, departing from UK to pay a fee.
Annual Revenue Increase of £1 Billion
Other Revenue Apprentice Levy
Policy:
Consult with employers paying Apprenticeship Levy and see what they want to do about the scheme.
Annual Revenue Reduction of £-500 Million
Other Revenue Late Interest on Overdue Tax
Policy:
Overdue Tax from the current 9.5% introduced in April 2025 back to 7.5%.
Add backstop penalty by adding charge for every six months overdue without discussion a 5% penalty is applied.
Annual Revenue Reduction of £-300 Million
Other Revenue Notice Period of Change
Policy:
Less notice to introduce change than has generally been provided.
Annual Revenue Increase of £500 Million
VAT
VAT:Total Budget £200 Billion
Revised Budget £258.2 Billion changed by £58.2 Billion: 129.1% Increase
VAT VAT Big Ticket items
Policy:
New 25% "Luxury Rate" of VAT should be applied to any single item that costs over £10,000.
Annual Revenue Increase of £5 Billion
VAT VAT Charity
Policy:
Rules need tightening, so more VAT collected, as some venues and events use loopholes to avoid paying VAT.
Annual Revenue Increase of £50 Million
VAT VAT Rates
Policy:
Increase Vat rate from 20% to 22.5%.
Annual Revenue Increase of £40 Billion
VAT VAT Reversal for Private Schools
Policy:
Reverse the addition of VAT on Private Schools.
Annual Revenue Reduction of £-1.4 Billion
VAT VAT Scope Food & Drink
Policy:
New VAT of 5%, applied to all Foods and Drinks (for humans) currently Zero rated.
Annual Revenue Increase of £12 Billion
VAT VAT Scope Flights and Holidays
Policy:
New VAT of 10% to Flights and Holidays, removing the APD and Aviation Fuel tax.