PM hints at tax cuts for Northern Ireland taxpayers

Reports suggest that Prime Minister David Cameron will raise hopes of tax cuts in Northern Ireland and the rest of the UK by declaring "every efficiency" found by the Government could help provide "a bit of extra cash" for hard-pressed families.

Mr Cameron will defend the Coalition's austerity programme, insisting it is based on "values" and not simply cuts for their own sake. Nick Clegg is pushing for a rise in the main income tax allowance to £10,500 and one of the changes being advocated by senior Conservatives is raising the 40p income tax rate threshold to £44,000 so it eases the burden on middle class voters.

Liam Coulter head of tax at Wilson Nesbitt Solicitors commented:

“If David Cameron announces that both the main tax allowance will rise together with the 40p threshold then this will benefit both the lower paid and the middle class earners. However in the past, he has usually targeted one or the other so it remains to be seen if both will turn out to be winners come budget day”.

Wilson Nesbitt Solicitors based in Belfast, Northern Ireland can assist you with any tax compliance issues and help if you have been selected for a tax enquiry. If you need to talk with one of our tax advisors please contact us by calling 0800 840 9288.