PARLIAMENTARY WRITTEN QUESTION
Income Tax: Tax Allowances (24 February 2016)
Question Asked
To ask Mr Chancellor of the Exchequer, whether he plans to increase the personal allowance during this Parliament.
Asked by:
Alan Mak (Conservative)
Asked by:
Alan Mak (Conservative)
Answer
The Government is committed to raising the income tax personal allowance from £10,600 to £12,500 by the end of this parliament. This is alongside our commitment to raise the higher rate threshold to £50,000. Over 30 million individuals will benefit from these changes.
Summer Budget 2015 confirmed that the personal allowance will increase to £11,000 in 2016-17, and £11,200 in 2017-18.
Answered by:
Mr David Gauke (Independent)
1 March 2016
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