BRITISH soldiers deployed to defend Eastern Europe face a £200 tax bill next month – while rental income from villas in an oligarch-favored area remains unaffected.
The 2.5 per cent rise in Social Security will mean a middle-class private individual earning £25,000 will see his wage package shrink.
However, since the contributions are only paid on the income from work, landlords of second homes will no longer have to shell out.
Online property sites are suggesting that posh homes in Kensington, west London, can bring their owners over £1million a year in rental income.
According to Transparency International, these are among the preferred postcodes of Russians accused of corruption or ties to the Kremlin.
The revelation comes ahead of a planned hike in national insurance, which the chancellor must pressure to reverse as energy costs skyrocket and spiraling inflation spirals.
Chancellor Rishi Sunak is under mounting pressure to reverse the hike in its spring statement next week to protect lower-paid workers from the cost-of-living crisis.
Shadow Chancellor Rachel Reeves said: “Why raise taxes on working people when inflation and prices are soaring? It is neither economical nor reasonable.
“That wasn’t a good idea in September when the cost of living crisis started to mount. It’s even worse now.
“It’s time to get a grip. The Chancellor must stop Social Security increases before it’s too late and reconsider a one-off windfall tax for oil and gas producers to cut household electricity bills by up to £600.”
https://www.thesun.co.uk/news/17931388/soldiers-extra-200-tax-bill/ British soldiers sent to Eastern Europe could face an additional tax bill of £200