The Taxation of Families in 2021
Tax and the Family together with the charity CARE published on 30th March their annual report on the taxation of families in the UK and other OECD countries. The report calls for fairer taxation - not necessarily lower taxation. The report is timely.
The tax burden in the UK is rising to its highest since the 1940s. Figures released by the Treasury show that the tax burden on incomes is likely to continue increasing for the rest of this Parliament. Inflation is at a historic high.
Household budgets are coming under extreme pressure. It has never been more necessary, the authors say, for the tax burden to be shared fairly.