PBR 2007: Not much joy for those on low incomes | AccountingWEB

PBR 2007: Not much joy for those on low incomes

Alistair Darling was cautious in his first Pre-budget Report and failed to redress the blow to low-income taxpayers delivered by his predecessor, say the Low Incomes Reform Group.

Tax liabilities for those on very low incomes will rise next April because of the abolition of the 10% starting rate on earnings and pensions. That increase will be partly offset by rises in the personal tax allowances for people over the age of 65, and in tax credits.


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A bit more detail

biggins | | Permalink

Our website www.litrg.org.uk provides a more detailed appraisal, including some extraordinary, but welcome, criticisms from the Ombudsman on the tax credits chaos.