NewsBot
07-Oct-23, 13:20
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Britain's Record Tax Rise On Incomes Is Set To Raise £40 Billion A Year By The Middle Of The Next Parliament
A higher outlook for inflation since the Budget last March means that the Government's six-year freeze to Income Tax and National Insurance thresholds is set to raise £40 billion a year by the time it is fully rolled out in 2027-28, making it Britain's biggest tax rise on incomes in at least 50 years, new analysis from the Resolution Foundation showed on Friday 6 October 2023. A four-year freeze in personal tax thresholds - the Personal Tax Allowance and Higher Rate Thresholds for Income Tax - was first announced in Budget 2021. [Read Full Article (https://caithness-business.co.uk/article/21533)]
Britain's Record Tax Rise On Incomes Is Set To Raise £40 Billion A Year By The Middle Of The Next Parliament
A higher outlook for inflation since the Budget last March means that the Government's six-year freeze to Income Tax and National Insurance thresholds is set to raise £40 billion a year by the time it is fully rolled out in 2027-28, making it Britain's biggest tax rise on incomes in at least 50 years, new analysis from the Resolution Foundation showed on Friday 6 October 2023. A four-year freeze in personal tax thresholds - the Personal Tax Allowance and Higher Rate Thresholds for Income Tax - was first announced in Budget 2021. [Read Full Article (https://caithness-business.co.uk/article/21533)]