Wales: As Tax Freedom Day Nears, Take Some Sensible Advice ; Your Money

Daily PostMay 12, 2008

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Summary


IN just over three weeks' time, on June 1, Tax Freedom Day marks the date when millions of workers can reflect that their earnings so far this year have gone entirely to the Chancellor of the Exchequer - while the rest of the year produces the money for their own pocket.

The burning question of personal taxation is central to the two key issues which most damaged the Government in recent months: its belated raising of the Inheritance Tax (IHT) threshold to pounds 312,000 per person in the current tax year, apparently borrowed reluctantly from the Tories, and its scrapping of the 10% tax band for non-savings income.

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Wales: As Tax Freedom Day Nears, Take Some Sensible Advice ; Your Money

According to a new survey from the IFA Promotion (IFAP), which represents around 9,000 firms of in...

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