Tax Rebates & Refunds

Income Tax has doubled since Labour took over

March 19, 2010
Posted in Income Tax — Written by The Tax Repayment Agency

Stats from Her Majesty’s Revenue and Customs reveal that income tax revenue has DOUBLED – rising from £69 billion in 1997 to an expected £134 billion in 2010.

The take from National Insurance has increased similarly, rising from £47 billion to £98 billion in the same period.

That’s money coming out of YOUR pocket, YOUR pay packet and it is very possible that some of it just shouldn’t have been taken.

While much of the increase is down to an increase in employment there can be no doubt that income tax has increased significantly in the last 13 years. It has had to to cover the increase in public spending and it will have to keep going up now that public borrowing is through the roof.

But that just makes it even more important for you, the ordinary man in the street, to make sure that you get taxed the right amount and don’t end up paying too much.

To find out if you could qualify for tax rebate, read this and if you think this is you download a claim form or contact us so we can send you one.

It costs nothing to check and you could receive a very nice tax refund in time to book your summer holiday!

While we’re at it, we came across this interesting piece in The Telegraph this morning.

Did you know that total public borrowing for the year is likely to come in £21 billion BELOW what Labour predicted? Boring, right – but it’s what you could do with the spare £21 billion that IS interesting…like cut the basic rate of income tax by 4p for a whole year!

Wouldn’t that be nice! But don’t hold your breath…

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