UK Politics

Daily and Sunday Politics manifesto tracker: Taxation

Manifesto tracker scorecard

Welcome to the Daily and Sunday Politics manifesto tracker. As the name suggests, it tracks the progress the government is making - or not - in achieving the promises made by the Conservatives in their 2015 general election manifesto and major policy announcements.

The traffic light scorecard above shows the current status of all of the policies. The tracker will be updated over the course of this parliament.

The tracker has been broken down into policy areas, which can be explored by clicking on each of the links below.

Manifesto tracker by theme

This section deals with taxation. Read more about what is and is not devolved.

TAXATION

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Raise threshold for the Higher Rate of Income Tax (40%) from current rate of £42,400 to £50,000 by 2020

- Manifesto, page 9

  • Chancellor George Osborne raised the Higher Rate threshold to £45,000 from April 2017 in his March 2016 Budget

Raise the Personal Allowance from £10,600 to £12,500

- Manifesto, page 9

  • Chancellor George Osborne raised the tax-free personal allowance to £11,500 from April 2017 in his March 2016 Budget

No increase to National Insurance

- Manifesto, page 7

  • This was reiterated in the Queen's Speech and Budget. The National Insurance Contributions (Rate Ceilings) Act received Royal Assent in December 2015 and enshrined this principle into law

No increase to VAT

- Manifesto, page 7

  • No increases have been introduced so far in this parliament

No increase to income tax

- Manifesto, page 7

  • No increases have been introduced so far in this parliament

Pass a new law so that the Personal Allowance automatically rises in line with the National Minimum Wage

- Manifesto, page 27

  • Legislation was introduced in the Finance (No. 2) Act 2015

Increase the effective inheritance tax threshold for married couples and civil partners to £1m

- Manifesto, page 67

  • The government said at the 2015 Summer Budget that it will take the family home out of inheritance tax for all but the wealthiest with a new transferable nil-rate band of up to £175,000 per estate when a main residence is passed to direct descendants; this means that the effective inheritance tax threshold will be £1 million
  • Legislation to introduce the new rates are in the Finance (No. 2) Act 2015, and the thresholds will increase from 2017-18 to 2020-21
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Abolition of employer National Insurance contributions for apprentices under 25

- Manifesto, page 18

  • Changes were announced before the General Election and implemented from 1 April 2016

Maintain the most competitive business tax regime in the G20

- Manifesto, page 18

  • Corporation tax is currently 20% giving Britain the joint lowest rate of corporation tax in the G20
  • Chancellor George Osborne confirmed in his 2016 Budget that corporation tax will be cut to 19% from April 2017 and to 17% by 2020
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Cut a further £10bn of red tape over the next Parliament through our Red Tape Challenge and our One-In-Two-Out rule

- Manifesto, page 19

  • Reiterated by minister Matt Hancock in a speech on 29 May 2015. £10bn was achieved in the last parliament
  • In June 2016 the government reported that it had delivered £885m of net savings for business against the £10bn deregulatory target

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