Income Tax: Tax Allowances

Summary

To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of raising the personal tax allowance to £15,000.

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Timeline

1. 11 September 2024

   Written question

   To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of raising the personal tax allowance to £15,000.

   Source: Commons

2. 7 October 2024

   Answer

   The previous government announced the Personal Allowance would be maintained at its current level of £12,570 until April 2028. The government must ensure the tax system supports strong public finances. Sound fiscal policy is key to economic stability and,...

   Source: Written answer

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• · Treasury · Answering body

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