Submitted on Monday 26th March 2018
Rejected on Tuesday 3rd April 2018
Current status: Rejected
Rejection code: duplicate (see below for details)
Introduce tax relief for the deduction of season ticket loans through PAYE
Travelling to work can be expensive and many employers offer loans to cover the cost of train season tickets. Train tickets are increasing every year and are a huge financial burden. This loan is usually repaid to the employer proportionately each month after national insurance and tax is deducted.
This is a proposal to reduce the hit of the rising train prices. Employers should be able to deduct the loan repayment before tax and NI is calculated to reduce the taxable salary. Employees will receive tax relief at their marginal rate.
Commuters traveling to London in particular are often young professionals with high exam fees, reflected with lower salaries to cover studying costs paid by the employer. Currently there are no financial aids / cheaper tickets for such individuals.
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The Government e-Petitions Team gave the following reason:
There's already a petition about this issue. We cannot accept a new petition when we already have one about a very similar issue.
You are more likely to get action on this issue if you sign and share a single petition.
petition.parliament.uk/petitions/208488
3.147.205.19 Tue, 03 Dec 2024 19:02:08 +0000
