United Kingdom · Question · Written question
UIN 65352
Personal Income: Tax Allowances
Original
Introduced
7 July 2025
Last action
15 July 2025 · Answer
Status
Answered
Sponsors
—
Subjects
Discovery layer
Source updated
15 July 2025
Summary
To ask the Chancellor of the Exchequer, if she will make an estimate of the cost to the public purse of increasing the Trading Allowance to £3,000.
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Timeline
7 July 2025
Written question
To ask the Chancellor of the Exchequer, if she will make an estimate of the cost to the public purse of increasing the Trading Allowance to £3,000.
Source: Commons
15 July 2025
Answer
The Trading Allowance allows individuals to earn up to £1,000 a year in trading or miscellaneous income tax-free, and this has not changed. The Government is increasing the Income Tax Self-Assessment reporting threshold from £1,000 to £3,000 gross within ...
Source: Written answer
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- · Treasury · Answering body
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Sources
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2025-07-07/65352
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1820114
- uk · wq-1820114 · source updated 15 July 2025