UK business investment is the lowest in the G7 and among the lowest in the developed world. Tax has a role to play in shaping investment incentives, and the UK's corporate tax system is one of extremes. While the rate of corporation tax (19%) is exceptionally low, UK investment allowances are...

The tax system treats funds that remain in a pension at death extremely favourably. Where an individual dies before age 75, funds remaining in their pension escape income tax entirely - there was income tax relief when the money was paid into the pension and no income tax when the money is taken...

We analyse the impact of the possible approaches to council tax reform set out in the Welsh Government's consultation on "A fairer council tax".

This report discusses the temporary full-expensing policy and whether it should be made a permanent part of the corporate tax base.

How should pensions be taxed? We propose income tax and National Insurance reforms that would more evenly support pension saving. Pensions are the biggest component of household wealth and are treated favourably by the tax system. That means getting pensions tax design right matters. It matters...

In January 2020, the UK government formally announced its intention to create a number of Freeports across the UK, with the aim of promoting job creation and regeneration, boosting trade, investment and innovation, and supporting the 'levelling up' agenda. The Freeports offer various tax and...

This report gives a high-level overview of tax policy across the period 2010 to 2024. An appendix summarises the main tax policy changes. There are some clear distinctions between the governments before 2019 (including the coalition government of 2010-15) and the governments from 2019. Most...

Should the government raise capital gains tax in the Budget? What is the case for reforming capital gains tax? What are the options for reform?

How should pensions be taxed? We propose income tax and National Insurance reforms that would more evenly support pension saving. Pensions are the biggest component of household wealth and are treated favourably by the tax system. That means getting pensions tax design right matters. It matters...

In January 2020, the UK government formally announced its intention to create a number of Freeports across the UK, with the aim of promoting job creation and regeneration, boosting trade, investment and innovation, and supporting the 'levelling up' agenda. The Freeports offer various tax and...