How to fix our irrational income tax system

Income tax and National Insurance Contributions are our biggest taxes. Together they raise almost half of all tax revenues. National Insurance Contributions were cut at the start of the year, but we’re in the middle of a multi-year freeze in tax thresholds that will amount to a tax rise of over £40 billion by the time it’s finished. And these are just the latest in a string of changes in how we tax personal incomes.From cliff edges and personal allowances, to Scotland's 6-band income tax system and The Beatles' scheme to minimise their tax, we cover all things income tax.To do that, we're joined by Helen Miller, Deputy Director at IFS and head of our tax sector, and Dan Neidle, a tax lawyer and founder of Tax Policy Associates.Find out more: https://ifs.org.uk/Become a member: https://ifs.org.uk/individual-membership Hosted on Acast. See acast.com/privacy for more information.