The tax treatment of saving in the UK is far from uniform. Saving can take many different forms and there are almost as many different tax regimes. This mosaic of different regimes is not the result of a coherent policy toward saving, but rather the lasting by-product of a wide variety of ad hoc responses to changing circumstances over the years. That the Chancellor called this year's Budget a 'Budget for savers' testifies to the importance accorded to this area of tax policy. The introduction of four separate measures-the establishment of 'Tax-Exempt Special Savings Accounts', the abolition of the composite rate tax, the large increase in the maximum investment for Personal Equity Plans, and the abolition of stamp duty on shares transactions-illustrates, however, its continuing complexity.
Download Info
To our knowledge, this item is not available for
download. To find whether it is available, there are three
options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page
whether it is in fact available.
3. Perform a search for a similarly titled item that would be
available.
Publisher Info
Article provided by Institute for Fiscal Studies in its journal Fiscal Studies.
Contact details of provider: Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE Phone: (+44) 020 7291 4800 Fax: (+44) 020 7323 4780 Email: Web page: http://www.ifs.org.uk
Order Information: Postal: The Institute for Fiscal Studies 7 Ridgmount Street LONDON WC1E 7AE Email:
For technical questions regarding this item, or to correct its listing, contact: (Emma Hyman).
Related research
Keywords:
Other versions of this item:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
Lucy Chennells, 1997.
"The windfall tax,"
Fiscal Studies,
Institute for Fiscal Studies, vol. 18(3), pages 279-291, August.
[Downloadable!]