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simplified income and corporation tax

Submitted on Monday 22nd August 2011

Published on Thursday 1st September 2011

Current status: Closed

Closed: Saturday 1st September 2012

Signatures: 4

Tagged with

Tax ~ UK

Petition Action

simplified income and corporation tax

Additional Information

Make taxes lower and simpler to reduce costs of collection, reduce avoidance, increase the incentive to earn and raise more revenues for the government. Personal allwance of £10k, no other deductions allowable and 10% flat tax on all income over £10k. Vat at 10% and all businesses with turnover greater than £30k to register. Corp'n tax to be 3% of UK turnover (not profits). These measure will provide clarity, remove swathes of avoidance and raise more revenues overall and help make work pay. Keep it simple.


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