Tax Allowances: Redundancy

Treasury written question – answered at on 12 January 2009.

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Photo of Howard Stoate Howard Stoate Labour, Dartford

To ask the Chancellor of the Exchequer if he will raise the tax-free threshold of £30,000 for redundancy payments.

Photo of Stephen Timms Stephen Timms Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills)

The Government keeps the £30,000 tax exemption for redundancy payments under review along with all other aspects of the tax system.

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