Tag: fiscal drag
Millions thrown into higher tax bands – how to check personal tax allowance
The number of higher-rate taxpayers has exceeded five million for the first time, with millions more people paying more tax due to frozen thresholds …
Current personal tax allowance rates as Treasury responds to £20k plea
A petition calling for a change in the amount of money people can earn before they start paying tax has passed 100,000 signatures, meaning it will be debated …
Plan to raise tax allowance from £12,570 to £45,000 update as MPs demand new statement
The petition has gained thousands of signatures as people rail against the ‘unjust’ tax increase which has been branded ‘fiscal drag’ – and now MPs waded in …
Plan to increase personal tax allowance to £20,000 huge update as Treasury responds
The petition, which is set to be debated in the House of Commons, has been backed by more than 161,000 people and urges Rachel Reeves to take action …
Treasury pockets £7bn inheritance tax but Rachel Reeves could be out for more
An expert said inheritance tax receipts surged to £7 billion, but the chancellor is likely to be looking for other ways to fund Labour’s growth plans. …
Income tax threshold raise update as petition passes huge barrier
A surge in support to end the freeze and raise the lowest rate from £12,570 to £20,000 will be considered for a Westminster Hall debate in Parliament …
Rachel Reeves could be forced to face MPs as personal tax allowance revolt soars
A petition calling for the personal tax allowance to be raised from £12,570 to £20,000 has surged in recent days and is set to reach 50,000 signatures today …
Treasury responds to personal tax allowance campaign to raise from £12,570 to £45,000
The petition calling for the amount people can earn before paying tax to be increased has received more than 32,000 signatures and sparked an official response …
Push to raise income tax threshold from £12,570 to £45,000 – new HMRC update
The government is due to respond to a new petition which says current income tax threshold “has been kept unreasonably low for far too long” after it gained more than 10,000 signatures …
As Labour enforces brutal triple tax raid – here’s how to fight back
The Tories drove UK taxes to record highs, and Labour chancellor Rachel Reeves has carried on where they left off. Time to fight back. …
