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| Topic: |
Business
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| Number of pages / Number of words: |
11 / 2918 |
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There was also an increase in the personal rate of old age by ?10 per week. This brought the old age contributory pension to ?157.30 per week and the old age non contributory pension to ?144 per week. This was a big change which was an increase of 59% from 1997 to 2003. See table 1.2
Introduction of Tax Credit System
The 4th Amendment to the Income Tax was the introduction of a tax credit system...
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See table 1.2
Introduction of Tax Credit System
The 4th Amendment to the Income Tax was the introduction of a tax credit system. The tax credit system was introduced in 2001; it replaced the personal allowance scheme. The disadvantage of the personal allowance is that people would have a lower marginal tax rate which means lower personal allowance...
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