Select committee: Treasury Committee
Conclusion 13
Twelfth Report - Tax after coronavirus
Published 1 Mar 2021
Paragraph 97
Addressed to HM Treasury
Treasury Committee Tax after coronavirus All items in this report Report on parliament.uk ↗ Inquiry on parliament.uk ↗
Conclusion (the committee's words)
Based on the evidence we heard and received, we conclude that income tax is more efficient than some other taxes and we do not see a pressing need for reform at this time. The Government’s manifesto commitment not to increase the rate of income tax does not preclude it from adjusting income tax thresholds. We note that the Government could raise revenue simply by freezing income tax thresholds, and that such a change would cause minimum economic distortion.
From: Treasury Committee, Twelfth Report - Tax after coronavirus (HC 664), paragraph 97, 1 March 2021
Government response
No government response linked yet: deadline 1 May 2021, 2010 days ago.