In the 2016 Budget the Government announced the introduction of the Loan Charge - a major initiative to tackle the mass marketing of tax avoidance ‘loan schemes’. Since the legislation establishing the Loan Charge was introduced, there have been many concerns as to its design and the financial difficulties facing taxpayers who used these schemes to either settle with HMRC or pay the Charge. In the 2020 Budget the Government confirmed it would implement a series of reforms to the Loan Charge, following the recommendations of an independent review, chaired by Sir Amyas Morse.
Documents to download
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Taxation of road fuels: the road fuel escalator (1993-2000) (78 KB, PDF)
From 1993 to 2000 Conservative and Labour Governments set taxes on road fuels by means of a 'escalator' – a commitment to raise duty rates by a specified percentage each year. This note is a short history of this policy.
Documents to download
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Taxation of road fuels: the road fuel escalator (1993-2000) (78 KB, PDF)
Related posts
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This paper discusses the way that Parliament scrutinises the Government's proposals for taxation, set out in the annual Budget statement. It looks at how this procedure may be affected by the timing of a General Election, and the decision in 2017 to move the Budget from the Spring to the Autumn. It also provides some suggestions for further reading.
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This note lists a series of key documents on taxation.