The Rest Is Money 230. Dan Neidle on how Reeves’ tax reforms will work
44 snips
Dec 1, 2025 
Dan Neidle, a tax expert and commentator with deep insights into UK tax policy, joins the hosts to dissect recent budget announcements. They explore the mechanics of the new EV mileage tax, including self-reporting and oversight. Dan critiques the missed opportunities for significant pro-growth reforms in areas like VAT and capital gains tax. The conversation also covers the controversial mansion tax, behavioral effects on housing prices, and the complexities surrounding business rates. Neidle’s expertise sheds light on the intricate dance between tax policy and political constraints.
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Mansion Tax Tackles Council Tax Absurdity
- A new council tax surcharge fixes absurdity where wildly different wealthy properties pay the same council tax.
- Dan argues it's fairer given council tax's outdated 1991 base and social care funding pressures.
Buyers Rarely Net-Present-Value Mansion Tax
- Buyers might already discount a home's price for future surcharge costs, but most don't calculate long-term council tax NPV.
- Dan says human behaviour often ignores small recurring costs at purchase time.
Missed Chance For Pro-Growth Reform
- The government promised growth yet ignored pro-growth tax reforms like VAT, CGT and corporation tax simplification.
- Dan criticises 15 years of threshold freezes and complexity that hit many taxpayers and distorted incentives.
