Written Question·Treasury·UIN 40117
Taxation
Tabled: 20 March 2025
Answered: 26 March 2025
Named DayQuestion
Noah Law
Labour — St Austell and Newquay
To ask the Chancellor of the Exchequer, whether she has considered (a) removing the tapering-off of the personal allowance and (b) reducing the threshold for the additional rate of tax.
Answer
James MurrayThe withdrawal of the Personal Allowance affects those with income over £100,000 a year, reducing by £1 for every £2 above this threshold until it is fully withdrawn at £125,140. The additional rate threshold of income tax is currently £125,140, following...
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