Chancellor admits 10p tax concessions are 'complex'
Alistair Darling has conceded that compensation for those taxpayers hit by the abolition of the 10p income tax rate will need time to be fully implemented. Addressing MPs, the Chancellor also said that changes to the tax regime needed to accommodate the compensation packages could prove to be "quite complex". Compensation is being aimed at low-paid workers without children and pensioners aged under 65. The Chancellor intends to help pensioners through extra cash payments as part of the winter fuel allowance. Details, he said, would be announced in the near future. Helping low-paid workers without children may be more complicated as such people will need to be included in the tax credit system. Mr Darling said that for low-paid workers there were certain areas he wanted to look at "in relation to tax credits and the national minimum wage". He added that he would be setting out proposals on the issue and would return to them in the pre-Budget report. Date:24 April 2008
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