Submitted by James Anderson on Monday 30th October 2023
Published on Wednesday 15th November 2023
Current status: Open
Open until: Wednesday 15th May 2024
Current Signatures: 109
(count is updated approximately hourly)
Relevant Departments
Link all personal tax allowances, reliefs and thresholds with inflation
Index link all personal tax allowances, reliefs and thresholds with annual inflation to reduce the impact of increased salaries pushing individuals into paying more in tax, including income tax and inheritance tax. This includes tax reliefs such as car mileage that hasn't changed for over 12 years.
With the current system more and more working class individuals are now paying higher rate tax and have inheritance tax issues on death. These taxes were originally to tax the wealthy, but with wage increases, in reality, His Majesty's Government get more and more of private individual's income and wealth. By index linking the threshold and allowances with inflation, this will negate the tax impact of wage increases.
If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.
3.145.8.42 Mon, 06 May 2024 10:44:26 +0100