Tax

On 22 May 2024, UK Prime Minister Rishi Sunak announced that the UK would hold a general election on 4 July. In the weeks following that announcement, there has been mounting speculation regarding the tax measures that each party might adopt if successful. During the week commencing 10 June, the incumbent Conservatives, Labour and the Liberal Democrats have each launched their election manifestos, setting out (amongst other things) their stances on tax policy for the next Parliament.

Unsurprisingly, the manifestos are consistently light on detail, and afford more of an indication of each party’s intended destination rather than a detailed roadmap for getting there. Please click here for an overview of the tax landscape following the launch of the manifestos, including key tax-related announcements and notable omissions, and a side-by-side comparison of each party’s pledges on tax.