Taxation, work and welfare
This area of the Treasury's website contains documents and publications reflecting the Government’s principles for the tax system, as set out by the Chancellor of the Exchequer at Budget 2011. These principles are that:
taxes should be efficient and support growth;
taxes should be certain and predictable;
taxes should be simple to understand and easy to comply with; and
the tax system should be fair, reward work, support aspiration and ask the most from those who can most afford it.
At the June Budget 2010, the Government committed to improve the way that tax policy is developed, legislated and communicated. It set out a new approach – one founded on predictability, stability and simplicity – with consultation on policy design and scrutiny of draft legislation as the cornerstones. The tax updates page below provides information on the latest policy updates on tax, and lists recent changes to the tax section of the HM Treasury website.
Our web content was reviewed and amended following the 2010 General Election to remove information related to the previous administration.
The content that was located on this page prior to the Election is still available on the National Archives UK Government web archive (opens in new browser window).
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