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New 13% Tax Bracket Proposed | Sheffield News
Description
A bold new tax idea is stirring debate: Bright Blue proposes a 13% income tax bracket for earners between $5,000 and $12,570 — just above the current zero-tax threshold. This could ease the jump into the 20% rate, while UK’s Treasury pushes back, insisting major tax moves await official budget announcements. Meanwhile, HMRC may soon demand monthly tax payments from freelancers and landlords — even before cash hits the bank — adding pressure as cost-of-living struggles mount. Could this be more than a pipe dream?
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