These are the most speculated on since the Summer Statement.
Which are the high probability targets?
The above mentioned Treasury memo references VAT and income tax.
Indeed, the top three from the list above seem likely to take the biggest hit, according to experts, including Chris Sanger, head of tax policy at EY, who recently told the Telegraph only these major three taxes would generate significant enough revenues to pay off the vast pandemic-related outlay.
He said: "When you have got two thirds of total revenue in income tax, national insurance and VAT those are clearly the areas that are going to have to do the heaviest lifting."
VAT has been cut temporarily for the hospitality sector, but could become a target again.
Chief executive of the think tank Resolution Foundation, Torsten Bell, believes increased National Insurance contributions are likely, especially for self-employed people.
A new sales tax for online?
A tax on purchases made on the internet is the latest candidate. It definitely has some legs because Downing Street officials have officially announced it’s being examined as part of a business rates review.
A spokesman was quoted by Sky News saying: “We will consider the case for introducing alternative taxes …including an online sales tax.”
A new wealth tax?
Chancellor Rishi Sunak has ordered a review of Capital Gains Tax, with some commentators suggesting it might become a new ‘wealth tax’. Though the Treasury has played down the significance of the work it’s carrying out, it’s thought a rise could be on the cards.