Currently, many highly-paid individuals—such as top footballers, actors, and executives—can significantly reduce their tax bills by being paid through their own limited company. This allows them to treat what is effectively a salary as corporate profits or dividends, which are taxed at much lower rates than standard employment income.

Our principle is simple: income earned for personal services in the UK should be subject to UK Income Tax, regardless of the legal structure it is paid through. To achieve this, we need to close the legal loopholes that facilitate this practice and empower a specialist HMRC unit with the technology and resources to be pragmatic and ensure these material amounts of tax are collected, creating a level playing field for all.

There is provision for all including high earners to put a maximum percentage in a Pension and draw it later, delaying payment of the income tax.