TaxAdministrationDarling faces renewed challenge over 10p tax band

Darling faces renewed challenge over 10p tax band

Chancellor Darling is facing a renewed challenge from rebel Labour MPs over the scrapping of the 10p tax band

Several Labour backbenchers are believed to support amendments to the finance
bill to help 1.1m people who the government’s £2.7bn compensation package fail
to cover after the 10p income tax band was abolished.

The amendments, by two Labour MPs, are unlikely to pass but could get enough
support to embarrass the government, the BBC News reports.

Last Saturday, the Commons Treasury select committee criticised the
chancellor’s compensation package, saying it would leave 1.1m of the poorest
workers out of pocket by up to £120 a year.

The amendments, tabled by North-West Leicestershire MP David Taylor and
Birmingham Selly Oak MP Lynne Jones, signed by 15 other Labour MPs, would
introduce a taper mechanism into the £600 increase in personal allowances for
income tax offered by chancellor Alistair Darling.

Further reading:

Read
the BBC News story

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

2w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter