New 10p tax band - official
Peter Kenyon Tue Apr 08, 2008 at 07:08:38 PM GMT 
Facebook
Save the Labour Party and Labourhome combined to contact their campaigning networks and encourage questions to a live webcast by Gordon Brown about the adverse effects of the abolition of the 10p tax band on people with low incomes.
According to BBC Newsnight last night many questions submitted by test and eMail were on this issue and to the Labour Party's credit it led the questions.
This is a follow up to one of the ideas ventured about how compensation to the 5.3 million hit by increased taxes could be administered - through the new 10p tax band!
According to BBC Newsnight last night many questions submitted by test and eMail were on this issue and to the Labour Party's credit it led the questions.
This is a follow up to one of the ideas ventured about how compensation to the 5.3 million hit by increased taxes could be administered - through the new 10p tax band!
* There will be a new 10% starting rate for savings income only, with a limit of £2320. If an individual’s taxable non-savings income is above this limit then the 10% savings rate will not be applicable. There are no changes to the 10% dividend ordinary rate or the 32.5% dividend upper rate. Source: HMRC
With thanks to Robin Williamson of the Low Incomes Tax Reform Group who was interviewed on BBC Radio 4's World at One yesterday and provoked me to blog. Robin's point was that if you can have a new 10% starting rate for savers, why can't you have a 10% rate for other low income groups hit by the abolition of the previous 10% starting rate who are not helped in other ways?
Why not Gordon?
New 10p tax band - official | 0 comments ( topical)
