With speculation continuing over the future direction of the Labour Party, many individuals and business owners are understandably asking what an Andy Burnham government could mean for the UK tax system.
While there has been significant media coverage in recent weeks, it is important to distinguish between confirmed policy commitments and political speculation. At this stage, relatively few tax measures have been formally announced, meaning there is still considerable uncertainty.
What has been speculated about an Andy Burnham government?
Burnham has publicly stated that he intends to honour Labour’s commitments not to increase Income Tax, VAT or employee National Insurance. However, he has indicated that he would review areas such as property taxation, wealth taxes and support for small businesses, meaning the direction of travel may differ in other parts of the tax system.
