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Social Progress Party
Politics to serve all of society, not just the wealthy and powerful.
Income Tax & NIC Reform
The detail below lays out the thinking behind our policy position on Income Tax and NICs, and shows the potential impact of it on individuals using illustrative rates.
Without a detailed breakdown of current UK incomes and the impact of other tax proposals we are suggesting, we cannot meaningfully assess the final impact on total national tax receipts, but we believe that we would able to adjust the balance of the proposed changes to ensure this does not decline without undermining the proposed framework (our hope is that there would actually be additional receipts in total).
Overview of our suggested reforms
Illustrative and Data Charts
Please see below for charts that illustrate the proposed tax changes and their potential impact on different incomes.
Current Income Tax & NICs
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