This petition was submitted during the 2010-2015 parliament
Petition Personal Taxes should be Fully Deducted at Source
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By applying a little common sense it would be possible to do away with all Personal Tax Returns. Simply make sure that all personal income suffers a Final Tax Deduction at Source. We already have PAYE. Why not apply the same theory to all personal income. Need to tax interest ? Banks can hand over the tax and pay net interest to individuals. Income from shares ? Let the stockbroker pay over the tax on dividends/profits. And so on.
The massive burden of checking everyone's personal tax returns will be eliminated, making for a far more efficient Tax Dept.
Psychologically people will feel a lot better as all the income they receive will then be theirs to spend as they wish. No more tax to pay.
This petition is closed This petition ran for 12 months
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