Permanent historical factsheet

Reform of Taxation

Great Britain · Government / Conservative Party Government. Chronological records rendered directly from the World History Database.

6Records
1986–1991Date range
4Named people
1Places

Chronological records

1986

Nigel Lawson1986

Government / Conservative Party Government

Introduces Inheritance Tax which replaces the Capital Transfer Tax

1988

Nigel Lawson1988

Government / Conservative Party Government

Inheritance Tax is reformed giving a single flat rate of 40%

1989

Margaret Hilda Thatcher1 April 1989

Government / Conservative Party Government

The Poll tax is introduced in Scotland

1990

Margaret Hilda Thatcher19 July 1990

Government / Conservative Party Government

The Government gives œ3,000m to reduce the impact of the poll tax

1991

John Roy Major19 March 1991

Government / Conservative Party Government

The Budget increase VAT to 17.5% to finance cuts in poll tax

Michael Heseltine21 March 1991

London · Government / Conservative Party Government

Announces the Government's intention to replace the poll tax with a new council tax.

Names involved

John Roy MajorMargaret Hilda ThatcherMichael HeseltineNigel Lawson

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.