UKIP promises £18bn tax cuts as it launches manifesto
UKIP promises a "big tax giveaway" as part of its manifesto launch
UKIP promises a "big tax giveaway" as part of its manifesto launch
NIGEL FARAGE launched UKIP’s manifesto with the promise of a “low tax revolution”and £18bn of tax cuts.
Among the pledges were promises to keep workers on the minimum wage out of tax, raise the 40p tax rate threshold to £55,000, introduce a new 30p tax band and to scrap inheritance tax.
Farage (pictured) claimed the moves are “fully-costed”, but the Conservatives claimed there is a £37bn black hole in the plans.
“UKIP has a plan, we genuinely want to make working people better off. And we will do that by leading the charge and making the argument for a low tax revolution,” he said.
“We genuinely want to make work pay and for people to have incentives to do better. And we believe that will unleash a kind of economic dynamism that has not been seen in this country in a long time. What I am proposing is a big tax giveaway of £18bn.”
More about:
The numbers you crunch tell a story. Your expertis...
9yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleWith proposals for an Amazon tax on the table, how can the UK tax system catch up with the implications of the Fourth Industrial Revolution? Read More...
View articleGlobal corporations are under increasing scrutiny over how much corporation tax they pay. So who are the latest big names hitting the headlines over t...
View articleThe EU is deeply divided over how to increase the tax take from tech giants such as Google, Apple and Amazon, who have recently come under fire for be...
View articleTo avoid falling foul of HMRC's tax crackdown, small businesses now have to be much more vigilant when it comes to tax matters, and it's an ideal oppo...
View articleLaw firm warns that HMRC focus on entrepreneur’s relief could prompt increase in avoidance scheme usage Read More...
View articleDiverted profits tax revenue collected by HMRC in 2016-17 totalled £281m, leaping from £31m collected in the previous year, according to data released...
View articleWithout a clear mandate to proceed, the government’s position could become untenable – potentially leading to a change of government, and tax policy R...
View articleJoin us exactly one year on from the Brexit referendum on 23 June at 10:30am for an Accountancy Age webinar in which we discuss what it all means for ...
View article