Compare The Manifestos: Tax

1 June 2017, 15:30

Compare The Manifestos: Tax

00:39

Will you pay more tax after the General Election? Here's what the parties are planning to do around taxation.

Conservatives
Increase personal income tax allowance to £12,500 and higher tax rate to £50,000. Cut corporation tax.

Labour
A 45p income tax rate for those earning over £80,000, plus lowering of limit for 50p tax rate. Increase corporation tax.

Liberal Democrats
1p income tax rise to pay for social care, reverse corporation tax cuts.

Ukip
A rise in the threshold for paying income tax to £13,500 and cut in taxes for middle earners.

Green Party
Wealth tax on the top 1% of earners and reinstate the higher level of corporation tax.

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