US EditionGovernment respond to income tax personal allowance rise to £20,000 - Liverpool Echo
- A petition requesting the UK government to raise the HMRC income tax personal allowance threshold from £12,570 to £20,000 garnered significant public support, currently holding 219,905 signatures.
- The petition was started by Alan David Frost, driven by concerns that the current allowance, which is the amount of income you do not have to pay tax on, has been frozen since 2021 and will remain frozen until April 2028, leading more people into higher tax brackets.
- As the Chancellor of the Exchequer, Rachel Reeves was on her way to the House of Commons to deliver her spring statement.
- Despite exceeding the 100,000 signatures required for parliamentary consideration, the Treasury responded that "The Government has no plans to increase the Personal Allowance to £20,000."
- The government argues against raising the allowance, stating it would result in a significant fiscal cost of many billions of pounds per annum and reduce funds for essential public services, undermining efforts to restore fiscal responsibility, though proponents suggest it would lift low earners out of benefits and inject cash into the economy.
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Government responds to calls for £20k tax allowance increase after intervention
The personal tax allowance is the level at which people start paying income tax and has been frozen at £12,570 since 2021, with no plans for a rise in sight, but the Treasury has now responded
·United Kingdom
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Personal tax allowance update means 4 million to pay extra - new figures
An additional 4.1 million workers will be dragged into the higher rate, as the six-year freeze on income tax thresholds first imposed by the Chancellor Rishi Sunak, punishes taxpayers as wages rise but allowances stay static
·Plymouth, United Kingdom
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Telegraph & Argus+26 Reposted by 26 other sources
Government responds to £20,000 personal allowance petition
The government has responded to a petition to raise the HMRC income tax personal allowance threshold from £12,570 to £20,000
·Bradford, United Kingdom
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