31 May 2011
New figures show that the Government has cut income tax for over 2 million people across the East, resulting in 76,000 of the lowest paid being taken out of tax altogether. Across the country, 22.6 million people have had an income tax cut worth £200 this year, and 830,000 have been taken out of tax.
The increase in the income tax personal allowance of £1,000, announced at the June 2010 Budget, came into effect last month and means that basic rate taxpayers are £200 a year better off. And next year’s personal allowance increase of £630, will benefit a further 2.3 million people in East by £126 a year, and take a further 25,000 people in the region out of tax.
Commenting, Peter Aldous said:
“I welcome the fact that this year alone, thanks to Government action, over 2 million people in East are paying £200 less income tax this year, and 76,000 of the lowest paid in this region have been taken out of tax altogether.
“We know that times are tough for families across the country, and so it is also important to lift people out of the income tax system and allow them to keep more of their hard-earned money.”
The increase in the income tax personal allowance of £1,000, announced at the June 2010 Budget, came into effect last month and means that basic rate taxpayers are £200 a year better off. And next year’s personal allowance increase of £630, will benefit a further 2.3 million people in East by £126 a year, and take a further 25,000 people in the region out of tax.
Commenting, Peter Aldous said:
“I welcome the fact that this year alone, thanks to Government action, over 2 million people in East are paying £200 less income tax this year, and 76,000 of the lowest paid in this region have been taken out of tax altogether.
“We know that times are tough for families across the country, and so it is also important to lift people out of the income tax system and allow them to keep more of their hard-earned money.”
