What is labour coming for next?

[MikeRafone]

I reckon after 12 years of dozen fuel duty that drivers will be next

what tax will the collect next to fill the black hole

Adding VAT, would reduce the proportion of student fees that were repaid by the students and so increase the cost to the government, so it would simply involve moving figures around on government pieces of paper.

What would the purpose of that be?

But people on here are wanting the difference to narrow massively. They’re wanting not just the very wealthy to be taxed to the hilt, but the middle classes too.

There's huge amounts to be creamed off from sticking extra tax on inheritance and closing the 7 year clause. They should go after this. 4% currently are clobbered for IHT. Given how much housing wealth is going to transfer in the next 10+ years, Labour should go after it hard and make that 4% more like 40%.

I suppose if they really wanted to, they could look at council tax ? People in million+ houses in Westminster pay less council tax than someone living in social housing in the North.

There has long since been VAT on some education though, I remember being shocked at having to pay it on a First Aid course many years ago.

They wouldn't need to tax air travel as such, they could just reduce the subsidy they give the industry.

Isn't Council Tax set by councils?

I think council tax needs reforming / revaluing generally.

If it’s going to be based on property, base it on average prices in the area.

Someone in a one-bed flat should not be paying more council tax than someone in a 3-bed house.

More admin on hotels .. what's not to like.
Renting them wholesale to Serco etc is a money making dream.

That would only work if similar houses were reasonably consistent in value across the country. Otherwise you'll have people in large houses in the area lot of areas in the country paying far less than a shoebox in the south east. It would be better to do it based on square footage

Council tax bands haven't been updated since 1991 and I am pretty sure that house prices have seen a bit of increase since then ?

I would heavily tax air b&bs, second homes, and property bought by overseas investors that doesn't get lived in. We have lots of property already, it's just not used as actual places to live.

@hairbearbunches
out of interest - do you own a house and do you have kids?

Let me guess because none of those will have any affect on you.

The danger of removing tax relief from pensions from higher rate tax payers is that it’ll likely impact the NHS again. That’s why the annual allowance was raised and the lifetime allowance effectively scrapped in the first place. Because highly paid doctors/consultants were being penalised with tax charges on their pension contributions if they worked overtime.

Plus if income is going to be taxed on the way in and the way out for pensions, then won’t people switch to investing in ISAs (where you invest taxed income, but aren’t taxed when you take the money out)? Or do you envisage ISAs being abolished (which would mean tax on interest/dividends and potentially also CGT)?

So, in your opinion, increasing Uni fees by adding VAT would decrease what a student would pay back? Yes the Gov covers the initial outlay but the ‘loan’ would still be recoverable from the individual.

Most students don't pay back the loan, so the amount paid back would change very little if fees were increased. Adding VAT onto fees, would also not solve the funding crisis in universities, so what exactly would it achieve?

They will come for everything that's there whole point noone should have more than another

@Spectre8 exactly this! and then we all depend on state and can't write a cheque when we're in trouble. So voting Labour forever

@Marchitectmummy no they would all impact me

What's not to love, look how happy people in North Korea are.

I think a standard 10% tax on all inheritances under the current threshold would raise a load of money and be fair. If you were going to inherit £1000 the £900 is more or less the same in terms of its enhancement on your life, same as £4,500 instead of £5k etc etc.

Sorry, are you/we paying the ‘greedy rich people’ or is the employer that employs them? Do you mean the very same people who pay a huge percentage of the tax receipts in this country?

Its an odd system that a few very rich people earn so much more and therefore pay so much more tax than everyone else, and then that tax is used to pay benefits to many workers because they don't get paid enough. I am just wondering if it might be a more efficient system to pay those workers a bit more in the first place.

So they’ve already taken the fuel allowance off my mum who gets a couple of quid over so can’t get any pension credits

my dad died, grew up on council estate and i'm not married. With house, death in service and pension I’m over the IT limit. I don’t understand why the fuck someone like me (yes I know I’m fortunate) has to pay inheritance tax surely that’s not what it's for and is hitting the wrong people.

suggestions IT on everything are just ridiculous as it will hit more of the wrong people. I'm going to leave money to the cats protection (unless they take that away as well) so I don’t get taxed above what ever thresh hold they set

So @Pensionluckyyou you’ll inherit up to 1m tax free and you’re pissed off at contributing a bit over that?!