This looks reasonably unremarkable, just a shufling of the details of the system:
The Conservatives are working on a pilot for a new automated bank-based system that would remove the responsibility of deducting and paying income tax from employers. The new system could save businesses up to £5.5bn according to the Tories and increase revenues to the Exchequer of £1bn., according to the Tories election hopefuls.
Rather than leaving employers to process different tax codes and pay income tax for employees, the new system would automatically deduct income tax and national insurance contributions directly from an employee\’s gross pay as it is paid into their bank account.
But a corollary of this system is that everyone is going to have to file tax returns. So everyone is going to see quite how much tax they pay.
Which will inevitably increase the pressure for lower taxes.
Quite cute really.