60,000 receiving an Income Tax cut in West Berkshire
April 11, 2011 3:40 PM
Around 1,800 people in West Berkshire will no longer have to pay Income Tax and a further 60,000 will get £200 extra in their pockets.
Liberal Democrats in Government secured a rise in the Income Tax threshold, the point from which people start paying their taxes, of £1,000 to £7,475. This came into force on Wednesday.
Across Britain nearly 900,000 people will be lifted out of paying Income Tax while around 23m basic-rate tax payers will get an extra £200 in their pockets.
This increase is the first step toward the Liberal Democrat commitment to raise the Income Tax threshold to £10,000, with a further rise of the threshold was announced in the budget for 2012.
Commenting further, Deputy Prime Minister and Liberal Democrat Leader, Nick Clegg said:
"We have to make difficult decisions but we can still make life fairer and that's what Liberal Democrats in government and across Britain are doing.
"From today Liberal Democrats have delivered a £200 income tax cut to every basic rate taxpayer, and there's more to come - our ambition is a country where no one pays any income tax on the first £10,000 they earn.
"These are the kind of decisions Liberal Democrats are making in Government to make life just that little bit easier for people who are facing difficult times."
What would you like to do next?
-
Subscribe for updates
Follow the party's activity on...
- Twitter:
- Liberal Democrats
- Facebook:
- Liberal Democrats
- YouTube:
- Liberal Democrats