Petition Introduce a flat tax system rate for over £20,000 annual income

There should be one tax rate between 10% to 20%, rather than progressive taxation rates of earnings rise. This is to simplify the system with a flat-tax structure devised in which one single rate covers income tax, national insurance, corporation tax, value-added taxes and inheritance tax

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In 1994, Estonia replaced three tax rates on personal income, and another on corporate profits, with a uniform rate of 26%. Latvia & Lithuania followed, as did from 2001 Russia, with a rate of 13% on personal income and Slovakia. In the following years several other countries including Romania, Macedonia, Montenegro & Albania, all introduced a flat tax system. The most studied of these examples is Russia, where evidence from the IMF suggests that its 2001 reform did increase compliance.

This petition is closed This petition ran for 6 months

53 signatures

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10,000

Date closed 16 February 2022
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