Thousands of local self-employed workers pay £593 less tax

Thousands of self-employed workers in East Dunbartonshire paid nearly £600 less tax in their latest returns because of a Liberal Democrat policy to raise the personal allowance - the point at which people start to pay tax - to £9,400.

New Treasury figures showed 2.3 million paid £593 less tax in their returns submitted to HMRC.

The analysis also shows the number of self-employed benefitting from a tax cut will rise to 2.4 million in 2015/16, with each person saving £825 when they file their returns. This is because the Liberal Democrats have fought hard to raise the personal allowance to £10,600, which will come into effect this April.

Jo said:

“Raising the personal allowance not only helps the poorest in society but puts more money in the pockets of everyday local small business owners, who are the lifeblood of our economy.

“This is a flagship Liberal Democrat policy and I’m delighted to see that it will provide a boost to our local entrepreneurs who are doing so much to rebuild our stronger economy and power our growth.”

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