» Monday, October 15, 2007

Tax System

Asked if the Government thought marriage should be recognised by the tax system, the PMS said that marriage was recognised in the tax system and always had been through Capital Gains Tax and Inheritance Tax. The Prime Minister made this very clear on the Today Programme on 11 July.

Asked if there should be further incentives for married couples, the PMS said it was not for him to pre-empt future budgets; we had strengthened the extent to which marriage was recognised in the tax system in relation to Inheritance Tax and Capital Gains Tax. In relation to Income Tax, it has been a long-standing principal that people were taxed on an individual basis; this Government had introduced measures to recognise children in the tax system and this was the right way to deal with children and families in relation to Income Tax.

In relation to Andy Burnham, it was asked if it would be wrong to infer that there would be any changes in personal taxation i.e. Income Tax, the PMS said that the Treasury had been making clear that what Andy Burnham had been saying was nothing more than a re-statement of what the Prime Minister had already said; marriage is recognised in the tax system for Inheritance Tax and Capital Gains Tax but in relation to Income Tax it was right that we recognise children.

Put that there was no going back to the point at which couples could transfer allowances, which had been abolished by this Government, the PMS said that what the Prime Minister had been referring to when he had been talking about recognising marriage in the tax system, was Inheritance tax and Capital Gains Tax.

original source.

Briefing took place at 11:00 | Search for related news

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