Speeches

Justin Tomlinson – 2014 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Justin Tomlinson on 2014-06-17.

To ask Mr Chancellor of the Exchequer, if he plans to display changes to the amount of income tax levied on an individual on their end of year statement.

Mr David Gauke

From October 2014 around 24 million people will receive a personal tax summary from HMRC setting out how their income tax and National Insurance contributions have been calculated for the previous year (2013-14) and how it contributed to public expenditure. Tax summaries will also show taxpayers their taxable income and average tax rate, allowing the individual in future to compare one year’s tax record with another.