This petition was submitted during the 2019-2024 parliament
Petition Link all personal tax allowances, reliefs and thresholds with inflation
Index link all personal tax allowances, reliefs and thresholds with annual inflation to reduce the impact of increased salaries pushing individuals into paying more in tax, including income tax and inheritance tax. This includes tax reliefs such as car mileage that hasn't changed for over 12 years.
More details
With the current system more and more working class individuals are now paying higher rate tax and have inheritance tax issues on death. These taxes were originally to tax the wealthy, but with wage increases, in reality, His Majesty's Government get more and more of private individual's income and wealth. By index linking the threshold and allowances with inflation, this will negate the tax impact of wage increases.
This petition is closed This petition ran for 6 months
112 signatures
Show on a map the geographical breakdown of signatures by constituency
10,000 signatures required to get a government response