April pay slips show Income Tax cuts

Borders tax payers will have received a tax cut in their first pay slip since the tax free part of a person’s income was raised from £8,105 to £9,440 at the beginning of the month.

By The Newsroom
Thursday, 2nd May 2013, 9:53 am

The tax cut has been welcomed by local MP Michael Moore as part of the Liberal Democrats’ commitment to make the UK tax system fairer for those on low and middle incomes.

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When the Liberal Democrats formed the Coalition in 2010 the personal tax allowance was just £6,475. The increases since 2010 have seen Income Tax bills slashed by £600 a year for millions of low and middle income workers compared to what they were paying under Labour and more than 5,000 borderers on low pay lifted out of paying Income Tax altogether.

The tax-free allowance will rise again next year to £10,000.