When considering which tax to remove from the UK system there are three main questions to consider.
These are:
- How much revenue does the tax in question raise?
- How complicated/expensive is the administration of this tax (both to comply with and to collect)?
- How does the tax affect the behaviour of the population to which it applies?
The clearest options for removal of a tax from the UK system would thus be any tax which does not raise a significant amount of revenue which is complicated or difficult to comply with and whose removal will either not affect most of the UK population or preferably will create a positive change for those it does affect.
Given that it is also necessary to consider how to make up the shortfall in revenue for abolishing a tax the complete removal of...
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