As part of the Conservatives’ long-term economic plan, income tax has already been cut for 26 million people, with the typical taxpayer’s income tax bill cut by £705 since 2010. In Mid Dorset and North Poole an estimated 34,260 people have had their income tax cut, with approximately 3990 low earners taken out of paying income tax altogether – giving them greater financial security.
The Conservatives have committed to go further after the next election and cut taxes for 30 million people by raising the personal allowance to £12,500, and lifting the threshold at which people pay the higher rate of tax to £50,000.
As Conservatives we believe taxpayers deserve to know how the Government spends the money they have earned and paid in taxes.
These new personal tax summaries will deliver exactly that - letting many taxpayers in Mid Dorset and North Poole find out how much direct tax they’re paying and what it’s being spent on.
This will mean fairer taxes for everyone, with hardworking taxpayers able to hold politicians to account for how money is spent.