Quote:
Originally Posted by dude69
hmm, thought occurs to me that when he says threshold, he means that he has actually cut the band by TWELVE hundred pounds.
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Where have you got this?
In his speech, he says, and I quote from the bbc site:
"However, as the £600 increased personal allowance applies not just to basic rate taxpayers but also to those paying tax at a higher rate, I am therefore reducing the threshold at which an individual starts to pay tax at the higher rate by £600. "