The Tax Factor - Episode 102 - The See-Saw Budget? Up, Down, and Everything in Between

This week Tom Goddard and Paul Haywood-Schiefer look at the Government’s possible attempts at fiscal choreography with the potential Income Tax and NICs see-saw. One goes up, one goes down… but as they explain, that doesn’t always mean a neutral outcome for taxpayers.

They then discuss what a cap on salary-sacrifice pension contributions would mean: a measure that could be highly attractive to the Treasury while many taxpayers barely feel a ripple. And while pension savers might lose out, families with more than two children could gain significantly if the Child Benefit cap is lifted - though the policy could carry a £4bn price tag.

Finally, news of a possible adoption by HMRC of a US-style whistleblower reward scheme, offering up to 30% of tax recovered. A bold, creative and undoubtedly controversial, idea.

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