Students: Taxation

(asked on 22nd February 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, to ask the Chancellor what assessment he has made of the potential merits of creating a unique tax code for the current student cohort to enable the application of covid-19 related tax deductions with regards to future earnings.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 2nd March 2021

The UK's economic response to COVID-19 is one of the most generous and comprehensive in the world. The Government is monitoring closely the impact of measures, having regard to the need to support public services, businesses, and individuals, and will keep all policies under review.

The Government recognises that this academic year has been extremely difficult for students and that, as a result of these exceptional circumstances, some students are facing financial hardship. To this end, the Department for Education has announced a further £50 million to support students in England with financial pressures from the pandemic, in addition to the £20 million announced in December.

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