Change the threshold for 40% tax
The tax is due to change in April 2025 to increase tax for earning over £37,701 to 40% from 20%. This is a huge and unfair jump considering the cost of living. With earners of £125k plus only paying 5% more. This is far too removed from reality and a reduction in far too many wages.
Signatures
8
signatures
Government response threshold (10,000) · 8/10,000
Debate threshold (100,000) · 8/100,000
- 08 APR 2025Petition rejectedno-action
Petitions need to call on the Government or Parliament to take a specific action. We're not sure exactly what you'd like the Government or Parliament to do. You could start a new petition clearly outlining what action you would like the Government or Parliament to take or how you would like the threshold to change.
- 11 MAR 2025Petition created
Background
The cost of living as a result of the governments poor management is already at an all time high and to further reduce income puts people closer to the breadline. 40% tax is disgusting and an embarrassment to a country that claims to be for its people.
It is not fair or feasible to increase tax to this value, nor necessary when millionaires and billionaires pay such small amounts.