Weekly tax brief | 14 May 2019

Will a carbon-added tax help save the world?
George Bull
What might a new tax, intended to reduce carbon emissions, look like? Think of it as a carbon-added tax replacing the existing Climate Change Levy paid by some businesses. It would work by taxing carbon dioxide emitted as greenhouse gases at each stage in the creation and sale of goods or services. The greater the amount of carbon, the higher the amount of tax. Reflecting carbon consumption in the price of goods and services, while incentivising the adoption of low-carbon alternatives, would be a massive step towards a low-carbon world.

Fewer landlords, but do we have fewer rented properties?
Stuart McKinnon 
If landlords are selling up due to complex tax changes, does this mean more first-time buyers will have a shot at getting on the property ladder?