22 million people to get tax rebate this Sept pay

[Mithrandir]

Woohoo!

About 22 million people will get £60 in their Sept pay and £10 per month for the rest of this tax year.


BBC News

[samcross]

Good, that should cover Fallout 3 and Bioshock

[mmh]

how do we know if we're gonna get it?

[kalniel]

how do we know if we're gonna get it?

Unless you're a higher rate tax payer you get it.

Spore and fallout 3 for me then

[kidzer]

I don't make enough per year to get taxed - I take it I can't expect anything extra?

[manwithnoname]

how do we know if we're gonna get it?

read the article

The effective cash-back comes because personal allowances for basic rate taxpayers go up by £600 to £6,035 from 7 September.

but read the section on Higher earners if it applies to you you'll be no better off.

[Zak33]

and all this because they failed to realise the new 20% tax class would screw up low income homes, benefit people earning around £18k or more, and now they're having to give back tax to EVERYONE instead of the most needy.

I'm not the most needy...I earn well enough...I don't NEED this dough. People earning £12k per year with a family...THEY need it... and they got screwed.

Mine's going to charity. Prolly world vision or the RSPCA. This government are just.... a bit dim.

[samcross]

Mine's going to charity. Prolly world vision or the RSPCA.

Send it to me, I want charity.

[Saracen]

and all this because they failed to realise the new 20% tax class would screw up low income homes, benefit people earning around £18k or more, and now they're having to give back tax to EVERYONE instead of the most needy.

I'm not the most needy...I earn well enough...I don't NEED this dough. People earning £12k per year with a family...THEY need it... and they got screwed.

Mine's going to charity. Prolly world vision or the RSPCA. This government are just.... a bit dim.

Well, I'd have said reckless, ignorant, deceitful and stupid ..... but then, they're politicians, so can we be surprised?

[GoNz0]

dont vote the rubbishrubbishrubbishrubbish back in again.. my pay has dropped and i need this.. had to take the step of writing to my employer to ask for my 6 month pay review due to coming out with less per month..

(its 6 months overdue mind)

[kalniel]

and all this because they failed to realise the new 20% tax class would screw up low income homes

I didn't think the 20% tax class was anything new - wasn't it the same before Labour introduced the 10p rate?

[manwithnoname]

I didn't think the 20% tax class was anything new - wasn't it the same before Labour introduced the 10p rate?

The basic tax rate was 22% before 1997, Labour then introduced the lower rate of tax at 10%. Where labour messed up was removing that lower 10% tax rate and cutting the basic tax rate to 20%, effectively made people on low incomes pay tax at 20% instead of 10%, a big hit in the pocket*.

*tax credits were suppose to compensate these people - but ~2million people were worst off.

[j1979]

yes i cant believe what brown has done. dont get me wrong i want the rebate and new tax code but people on higher wages than me get more from the changes. its a complete joke.

i would quite like to meet Mr brown and tell him what i think personally

[AledJ]

yes i cant believe what brown has done. dont get me wrong i want the rebate and new tax code but people on higher wages than me get more from the changes. its a complete joke.

i would quite like to meet Mr brown and tell him what i think personally

If your lucky you may get a call from him!

[heyuptiger]

why increase tax rate... then give everyone a rebate which is paid for by a massive loan... but heck it benefits me for a few months hmm what shall i buy with it

[TheAnimus]

less than quarter of your gas bill rise?