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To ask His Majesty's Government whether they plan to increase the higher rate of income tax to 50 per cent; and, if so, what estimate they have made of the revenue implications of increasing that rate.
To ask His Majesty's Government whether they plan to increase the higher rate of income tax to 50 per cent; and, if so, what estimate they have made of the revenue implications of increasing that rate.
The Government remains committed to its manifesto which pledged to protect working people by not increasing rates of income tax.
HM Revenue and Customs regularly publishes estimates of the effects of illustrative tax changes on tax receipts. The most recent update from June 2025, is available at: https://www.gov.uk/government/statistics/direct-effects-of-illustrative-tax-changes
To ask His Majesty's Government what assessment they have made of the number of pensioners with income at or near the level of the state pension who are now liable for income tax as a result of the freeze in personal allowance thresholds.
To ask His Majesty's Government what assessment they have made of the number of pensioners with income at or near the level of the state pension who are now liable for income tax as a result of the freeze in personal allowance thresholds.
The number of individual income taxpayers over State Pension Age can be seen in the table below[1]:
Tax year | Number of individual Income Taxpayers over State Pension Age |
2023 to 2024 | 8,160 |
2024 to 2025* | 8,780 |
2025 to 2026* | 9,080 |
2026 to 2027* | 9,580 |
*Projected estimates based on the 2023 to 2024 Survey of Personal Incomes using economic assumptions consistent with the OBR’s March 2026 Economic and Fiscal Outlook for the forecast period. | |
The previous Conservative Government made the decision to maintain income tax thresholds at their current levels from April 2021 until April 2028 and this is reflected in the numbers.
The current Government has set out that individuals whose only income is the basic or new State Pension, without increments, will not pay income tax over this Parliament. Further details on this will follow.
[1] Income Tax liabilities statistics: tax year 2022 to 2023 to tax year 2025 to 2026 - GOV.UK
To ask His Majesty's Government, further to the Written Answer by Lord Livermore on 13 July (HL1420), whether they will now answer the question put, namely what estimate they have made of the revenue implications of levying capital gains tax at the same rate as income tax.
To ask His Majesty's Government, further to the Written Answer by Lord Livermore on 13 July (HL1420), whether they will now answer the question put, namely what estimate they have made of the revenue implications of levying capital gains tax at the same rate as income tax.
The Government does not comment on tax speculation outside of fiscal events. The Government keeps the tax system under review, and decisions on tax policy are taken by the Chancellor at a fiscal event.
A summary of the latest economic indicators for the regions and nations of the UK.
A summary of the latest economic indicators for the regions and nations of the UK.
To ask the Secretary of State for the Home Department, what assessment she has made of the potential financial impact of paying the Immigration Health Surcharge, National Insurance and Income Tax on individuals and families awaiting a decision on Indefinite Leave to Remain; and whether she has made an assessment...
To ask the Secretary of State for the Home Department, what assessment she has made of the potential financial impact of paying the Immigration Health Surcharge, National Insurance and Income Tax on individuals and families awaiting a decision on Indefinite Leave to Remain; and whether she has made an assessment...
The government’s proposals for settlement reform were set out in the Command Paper ‘A Fairer Pathway to Settlement’ (CP1448) and were the subject of a public consultation between 20 November 2025 and 12 February 2026.
We received over 200,000 responses from the public and organisations and are now considering all responses received. This will help inform the development of the final earned settlement model.
Once the final model has been decided, the Government will communicate the outcome publicly. This will also include both economic and equality impact assessments.
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the planned increase in Income Tax rates on rental income from April 2027 on the supply of privately rented housing.
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the planned increase in Income Tax rates on rental income from April 2027 on the supply of privately rented housing.
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential merits of excluding payments of service tips and gratuities via a tronc from income tax.
To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential merits of excluding payments of service tips and gratuities via a tronc from income tax.
Employees pay tax on all payments that reward them for the work they do. This includes wages, tips, gratuities, or any share of a service charge that they receive. Where the employer collects the tips and pays them to employees, the employer is required to deduct income tax and National Insurance contributions (NICs) from these earnings.
Where customers pay tips directly to staff, each employee is responsible for declaring these earnings to HM Revenue & Customs’ (HMRC) who will adjust the employee’s tax code to collect the tax due. These payments are not subject to NICs.
Further information on the tax treatment of gratuities, can be found at: www.gov.uk/tips-at-work/tips-and-tax.
To ask His Majesty's Government what estimate they have made of the revenue implications of levying Capital Gains Tax at the same rate as Income Tax; and what plans they have, if any, to equalise rates of Capital Gains Tax and Income Tax.
To ask His Majesty's Government what estimate they have made of the revenue implications of levying Capital Gains Tax at the same rate as Income Tax; and what plans they have, if any, to equalise rates of Capital Gains Tax and Income Tax.
The Government has taken significant steps to reform Capital Gains Tax (CGT), including increasing the main rates of CGT from 10% for basic rate taxpayers and 20% for higher rate taxpayers to 18% and 24% respectively. The rates for Business Asset Disposal Relief and Investors’ Relief have also increased to 18% for disposals made on or after 6 April 2026. This has created a simpler system by aligning rates across property and other assets.
The Government has also reduced the CGT relief available for disposals to Employee Ownership Trusts (EOTs) from 100% to 50%.
CGT currently raises around £14 billion a year, and receipts are expected to more than double to around £35 billion by 2030-31.
As with all taxes, the Government keeps the tax system under review, and decisions on tax policy are taken by the Chancellor at the budget.
My honourable friend the Exchequer Secretary to the Treasury (Dan Tomlinson) has today made the following Written Ministerial Statement.
The government is today publishing draft legislation ahead of inclusion in the next Finance Bill. This allows for technical consultation on the application of tax policy in legislation. The government is also...
My honourable friend the Exchequer Secretary to the Treasury (Dan Tomlinson) has today made the following Written Ministerial Statement.
The government is today publishing draft legislation ahead of inclusion in the next Finance Bill. This allows for technical consultation on the application of tax policy in legislation. The government is also...
The government is today publishing draft legislation ahead of inclusion in the next Finance Bill. This allows for technical consultation on the application of tax policy in legislation. The government is also publishing some new consultations and a number of responses to consultations on tax policy which have concluded.
The...
The government is today publishing draft legislation ahead of inclusion in the next Finance Bill. This allows for technical consultation on the application of tax policy in legislation. The government is also publishing some new consultations and a number of responses to consultations on tax policy which have concluded.
The...
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of her policies for fiscal devolution in relation to income tax on trends in the level of funding for local authorities.
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of her policies for fiscal devolution in relation to income tax on trends in the level of funding for local authorities.
In developing the roadmap, the Government has engaged extensively with mayors, businesses, think tanks and other external experts to consider the potential impacts of different approaches to fiscal devolution and inform policy development.
As set out at the Mais Lecture, this work includes considering income tax alongside other taxes. Reforms will support growth while maintaining fiscal responsibility, with appropriate equalisation and safeguards to manage revenue volatility.
To ask the Chancellor of the Exchequer, if she will list each third party database that HMRC has access to for the purposes of income tax collection.
To ask the Chancellor of the Exchequer, if she will list each third party database that HMRC has access to for the purposes of income tax collection.
HMRC use third-party data to help simplify tax administration. Specifically in relation to calculating tax due, the key sources of third-party data are:
o Department for Work and Pensions – pension income and benefit information
o Bank and building societies– savings interest information
o Employers – payroll data about payments to employees
In addition, HMRC also make use of third-party data in our compliance activities to ensure customers pay the right amount of income tax. To protect the operational integrity of these activities we do not disclose all of our data sources, but at a high level they include card sales data and other data that provides evidence of undeclared taxable income.
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of more timely Income Tax Self Assessment payments on people with fluctuating incomes.
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of more timely Income Tax Self Assessment payments on people with fluctuating incomes.
At Autumn Budget 2025, the government announced more timely payments for Income Tax Self Assessment and committed to developing the policy with stakeholders through a public consultation. The consultation is now live on www.gov.uk and will close on 4 August 2026.
The government recognises that Self Assessment taxpayers may have seasonal or irregular income patterns and is carefully considering as part of the consultation process how to support such customers. The government welcomes responses from those who may be affected, which will inform the final policy design.
To ask the Chancellor of the Exchequer, whether (a) her Department or (b) HMRC has undertaken (i) research and (ii) analysis on the potential impact of the level of the combined marginal rate of income tax and employee National Insurance contributions on incomes between £100,000 and £125,140 on work incentives,...
To ask the Chancellor of the Exchequer, whether (a) her Department or (b) HMRC has undertaken (i) research and (ii) analysis on the potential impact of the level of the combined marginal rate of income tax and employee National Insurance contributions on incomes between £100,000 and £125,140 on work incentives,...
The Government recognises that taxpayers earning between £100,000 and £125,140 face a higher marginal tax rate due to the tapering of the tax-free Personal Allowance, introduced in 2010-11.
A breakdown of income tax liabilities is published by HMRC, and the most recent update from June 2025 is available at: https://www.gov.uk/government/statistics/income-tax-liabilities-statistics-tax-year-2022-to-2023-to-tax-year-2025-to-2026
The Plan 2 Student Loan Scheme was introduced in 2012 under the Conservative and Liberal Democrat Coalition Government.
We will continue to keep the terms of the system under review to ensure the system protects taxpayers and students now and in the future.
The Taxation (Energy and Vehicles) Bill 2026-27 is scheduled to receive its second reading and complete its remaining stages in the Commons on 1 July 2026.
The Taxation (Energy and Vehicles) Bill 2026-27 is scheduled to receive its second reading and complete its remaining stages in the Commons on 1 July 2026.
To ask the Chancellor of the Exchequer, what steps HM Revenue and Customs is taking to (a) identify for each of the last four financial years those pensioners who may have been overcharged income tax due to incorrect state pension data, (b) notify affected individuals, and (c) issue automatic refunds...
To ask the Chancellor of the Exchequer, what steps HM Revenue and Customs is taking to (a) identify for each of the last four financial years those pensioners who may have been overcharged income tax due to incorrect state pension data, (b) notify affected individuals, and (c) issue automatic refunds...
The HMRC Permanent Secretary will shortly be writing to the chairs of the Treasury Select Committee and Public Accounts Committee to provide an update on this matter. The government is aware of the issue raised and is working to resolve it.
To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential impact that changes to Income Tax rules for retirees will have on pensioners in receipt of the basic State Pension with an Additional State Pension (SERPS) or State Second Pension.
To ask the Secretary of State for Work and Pensions, what assessment he has made of the potential impact that changes to Income Tax rules for retirees will have on pensioners in receipt of the basic State Pension with an Additional State Pension (SERPS) or State Second Pension.
The Government is committed to making sure older people can live with the dignity and respect they deserve in retirement. The State Pension is the foundation of the support available to them.
Over the course of this Parliament, the yearly amount of the full new State Pension is currently projected to go up by around £2,100. This will increase the basic and new State Pension by 4.8% next April, boosting pensioner incomes by up to £575 a year and strengthening retirement security.
The State Pension has always been taxable, but this year the headline rates of the basic and new State Pension will remain below the income tax personal allowance.
In addition the Government has announced that it will ease the administrative burden for pensioners so that they do not have to pay small amounts of tax via Simple Assessment from 2027/28. The Government will set out more details in due course.