Income Tax: Tax Allowances
The question
To ask the Chancellor of the Exchequer, whether she plans to review the level of the Personal Allowance before the scheduled end of the threshold freeze in 2031.
Answered by Dan Tomlinson
The previous government froze income tax thresholds from 2021/22 until 2027/28 – this means they were not due to rise until April 2028 at the earliest.
The Government is asking everyone to contribute to maintain funding for the NHS and reduce debt, and it is doing this by maintaining personal tax thresholds at their current levels for a further three years to the end of this decade.
The Government keeps all taxes under review as part of the policy making process.
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