Conservative leader Michael Howard is facing a barrage of questions over his tax cut plans after his shadow cabinet minister John Redwood said the proposed cuts would be ‘just a down payment’.
The Observer reports that Redwood’s promise that there would be more cuts if all went ‘well’ has sparked scepticism about the feasibility of Conservative plans. The Tories have said they will fund a £4bn tax cut by making savings of £35bn across Whitehall.
Vince Cable, Liberal Democrat economic affairs spokesman, was reported as saying that the nobody believed the Tories could achieve the proposed tax cuts.
‘They are making promises they won’t keep with money they haven’t got,’ Cable was quoted as saying.
Committee expresses concern about costs to businesses and April 2018 implementation date
Drastically fewer offices for HMRC in the hope to reduce their running costs
An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance
Laurence Field, the head of tax at national audit, tax and advisory firm Crowe Clark Whitehill outlines the 6 'unexpected items' regarding HMRC's Making Tax Digital plans