Income Tax

(asked on 14th March 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, if he will make it his policy to include the value of annual changes in income tax to an individual on annual tax summaries.


Answered by
 Portrait
Jane Ellison
This question was answered on 22nd March 2017

Information on income tax is provided through annual tax summaries. Around 30 million people received a personal tax summary for the 2015-16 tax year from HM Revenue and Customs. The summary sets out how their income tax and National Insurance contributions have been calculated for that year, and how it contributed to public expenditure. Tax summaries also show taxpayers their taxable income and average tax rate.

Tax summaries have been issued for the last three years and individuals are able to compare one year’s tax record with another and see how increases in the personal allowance affect their bill. Since 2010-11, the personal allowance has increased by over 60%, cutting the income tax liability of 28 million individuals in the UK.

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