Taxation Of Savings Income Of Older People
EDM number 788 in 1998-99, proposed by Paul Burstow on 06/07/1999.
That this House notes that the Chartered Institute of Taxation estimates that a million older people have overpaid as much as ú500 million in tax on their income from savings and that Her Majesty's Treasury has no information concerning the extent to which tax is overpaid by older people on their savings income; is concerned that there is no co-ordinated Government effort to inform older people of their right to claim overpaid tax; believes that the current plans for a Taxback campaign next year are inadequate and fail to co-ordinate efforts between Her Majesty's Treasury and the Department of Social Security; and calls on Her Majesty's Government to adopt a proactive approach to inform older people of their tax rights.
This motion has been signed by a total of 26 MPs.
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