PAYE

(asked on 15th January 2018) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will make it his policy to display the annual cash value of changes in income tax on PAYE pay slips.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 22nd January 2018

Payslips relate to income from one employment only and do not show income from other jobs or sources of taxable income. Employers do not have access to this information and would not be able to show the annual change in an individual’s tax liability.

However, this information is provided in annual tax summaries which have been issued since 2014. Tax summaries show individuals how their income tax and National Insurance contributions have been calculated for all their employments and other forms of taxable income, and how this contributes to public expenditure.

Individuals can use the information on their tax summaries to compare how changes to income tax, such as increases to the personal allowance, affect their tax bill. Since 2010, the personal allowance has increased by 80 per cent - from £6,475 in 2010-11 to £11,850 in 2018-19.

Reticulating Splines