The Chancellor is likely to widen the 10% income tax band, raise National Insurance contributions an...
The Chancellor is likely to widen the 10% income tax band, raise National Insurance contributions and the standard rate of VAT in the upcoming Budget on 17 April 2002, said John Whiting, partner at PriceWaterhouseCoopers (PWC). But if you have your own ideas PWC is offering an online betting game for tax professionals wanting to predict the outcome of the Budget. According to Whiting, the Chancellor traditionally concentrates on tax cuts at the lower end of the income scale so the lowest tax band of £1,880 is likely to widen. His tip is that other income tax bands should remain unal...
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