Clegg to face mansion tax challenge

Nick CleggLabour will challenge Nick Clegg to back the introduction of a mansion tax in a Commons vote next week.

The Opposition has called a debate on Tuesday on the policy - long favoured by the Liberal Democrats.
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It is understood the motion will not specifically link the levy to bringing back the 10p tax rate, which could have made it easier for the junior coalition partner to reject.

Instead it will indicate that revenue raised should go towards tax cuts for those on lower and middle incomes.

The text of the motion is: "That this House believes that a mansion tax on properties worth over £2 million, to fund a tax cut for millions of people on middle and low incomes, should be part of a fair tax system and calls on the Government to bring forward proposals at the earliest opportunity."

Shadow Treasury minister Chris Leslie said: "If Nick Clegg and Vince Cable really believe in a fairer tax system they should back our motion in support of a mansion tax on properties over £2 million to pay for tax cuts for millions on middle and low incomes.

"After going along with a Tory tax cut for millionaires, a failing economic plan, a VAT rise and a trebling of tuition fees this is a chance for the Liberal Democrats to finally vote for something that was in their manifesto."

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Clegg to face mansion tax challenge

If you wear a uniform of any kind to work and have to wash, repair or replace it yourself, you may be able to reclaim tax paid over the last four years. For some people, this could mean a windfall worth hundreds of pounds

The interest you receive on savings accounts (with the exception of cash Isas) is automatically taxed at a rate of 20%.

Higher-rate taxpayers therefore tend to owe money on the interest they are paid throughout the year. If, however, you are on a low income or not earning at all, you should be able to claim all or some of the tax deducted back

You can apply for a refund of vehicle tax if you are the current registered keeper or were the last registered keeper of your vehicle that no longer needs a tax disc

If you pay tax on a company, personal or State Pension through PAYE (the system employers use to deduct tax from your wages), you may well end up overpaying

There is a limit to the amount you need to pay in NI, whether or not you work for an employer.

Instances in which you may find that you have overpaid include if you work two or more jobs and earn more than £817 a week and if you move from self-employment to employment, but continue to pay Class 2 National Insurance contributions

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