A Flat Tax for the UK – a practical reality

This source preferred by Richard Teather

Authors: Teather, R.

http://www.adamsmith.org/images/stories/flattaxuk.pdf

Publisher: Adam Smith Institute

Place of Publication: London

This report, A Flat Tax for the UK – A Practical Reality, calls for income tax to be simplified into a flat rate tax of 22%. Under the proposal, there would be a tax-free personal allowance of £12,000.

As the report says, the concept of a flat tax, a simple tax system that charges a single rate of tax on all income, is growing in popularity. It contrasts clearly with the current systems operated in most countries, with different tax rates depending on the level and type of income or on the personal circumstances of the individual taxpayer.

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