It has been proposed that the UK government could raise additional revenue by increasing the capital gains tax rates in line with income tax rates.

This argument was quashed, with any proposals being subsequently dismissed by the treasury in the latter part of 2021:

Despite this, you are required to:

a) Assess the contribution that capital and revenue taxes provide within the UK tax system?

b) Discuss whether a reform proposed on capital gains could be considered a fairer method of distributing the tax burden amongst the UK taxpayers?