Income tax, Money, Tax, HMRC, Politics, Conservatives, UK news Business | The Guardian
HMRC data shows 26% more people over state pension age paying tax on earnings than in 2021-22Business live – latest updatesThe number of people dragged into paying income tax has leapt by an estimated 4.4 million in three years because of the government’s freeze on thresholds, official data shows, a statistic likely to reignite the election debate on tax.The figures showed that an ongoing freeze on income tax thresholds, dubbed by some a stealth tax, has pulled an extra 1.77 million pensioners into the income tax bracket. Continue reading…
HMRC data shows 26% more people over state pension age paying tax on earnings than in 2021-22
Business live – latest updates
The number of people dragged into paying income tax has leapt by an estimated 4.4 million in three years because of the government’s freeze on thresholds, official data shows, a statistic likely to reignite the election debate on tax.
The figures showed that an ongoing freeze on income tax thresholds, dubbed by some a stealth tax, has pulled an extra 1.77 million pensioners into the income tax bracket.
