Income Tax And The Personal Allowance

EDM number 2335 in 2010-12, proposed by John Leech on 31/10/2011.
Categorised under the topics of Taxation and Working age benefits.

That this House welcomes the commitment of the Coalition Government to increase the personal allowance to 10,000 by 2015; recognises that increases in the personal allowance have already taken hundreds of thousands of the lowest paid taxpayers out of paying income tax altogether and that further increases in the personal allowance will benefit all taxpayers, but benefit the poorest taxpayers significantly more as a proportion of their income; further welcomes the recent increase in the minimum wage to 6.08 for adults over 21 years, which translates into a 228 weekly wage based on a 37.5 hour week, or 11,856 per year; believes that any future reductions in direct taxation should be targeted at the poorest taxpayers rather than the rich; and therefore believes that any further reductions in direct taxation should be further increases in the personal allowance, with the aim of taking those on the national minimum wage out of paying income tax altogether.

This motion has been signed by a total of 11 MPs.