Frozen tax limits earn Treasury millions - papers 14th March

In the run up to the Budget on Wednesday, there are likely to be a stream of stories on the current tax situation but the latest research from Ernst & Young points out the Chancellor’s “stealth tactic” of refusing to index allowances stretches far beyond stamp duty and income tax, as the accountancy firm has unearthed a catalogue of taxes which the Chancellor is raking in extra millions by leaving thresholds untouched year after year. Some of those taxes, allowances and thresholds have not been adjusted since long before Labour came to office in 1997. This comes at the same time as th...