The Catholic Union has has sent a submission to HM Treasury ahead of the Budget calling for the Government to help families keep more of the money they earn.
Research shows that the UK tax system penalises families much more heavily than those of other countries – especially those where one parent works in the home or works part time outside the home in order to take on caring responsibilities.
The Catholic Union has previously made submissions to the Treasury setting out the need for reform of the tax system to make it fairer for families. Ahead of the Spring Budget on Wednesday 15 March, the Catholic Union has called for a commission to be set up to look at the options for reform.
The Prime Minister spoke in his New Year speech about his desire to see a society that truly values the family. He also acknowledged that strong, supportive families make for more stable communities and happier individuals.
The Catholic Union has called for the Prime Minister’s words to be put into action with a new commission on family taxation.
Catholic Union Director, Nigel Parker, comments: “As we recover from the pandemic, there has never been a better time to ensure that the tax system does not discriminate against single-earner families who forsake a wage on account of caring responsibilities, including looking after children and elderly parents.
“We urge the Chancellor to set up a commission on family taxation to consider ways of reforming the current system and reducing the tax burden on working families. In the current economic climate, helping families keep more of the money they earn is essential”.
View our Budget submission below