#stealth-tax

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UK politics
fromwww.independent.co.uk
7 hours ago

Martin Lewis issues verdict on Rachel Reeves's 26bn tax-raising budget

Freezing income tax thresholds will act as a stealth tax, reducing real-term earnings and pushing more people into higher tax bands.
fromwww.bbc.com
15 hours ago

How the chancellor just took a chunk out of your future pay

There was no rise in the rate of income tax. Still, the Budget is likely to push up your tax bill before the end of this parliament. That's because the chancellor has opted to freeze tax thresholds - the point at which you start to pay tax, and the point where you tip into paying a higher rate of tax - for another three years. This is often dubbed a stealth tax because, unlike raising the headline rates, it is not obvious on your payslip.
UK politics
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