Compensation For Abolition Of The 10 Pence Tax Rate (No. 2)

EDM number 1525 in 2007-08, proposed by Lynne Jones on 08/05/2008.
Categorised under the topics of Incomes and poverty, Pay and Taxation.

That this House recommends that the Government considers the proposal put forward by John Curran in a letter in the 8th May edition of the Financial Times to offer each taxpayer a choice, until the 40p threshold is reached, of being taxed at the 20p rate or at the 10p rate for the first £2,320 and 22p thereafter; believes that such a measure would effectively target only those adversely affected by the total removal of the 10p tax band and would be the simplest and most cost-effective means of carrying out the Government's promise to compensate these taxpayers fully.

This motion has been signed by a total of 7 MPs.