PolicyEngine / PolicyEngine/policyengine-uk
Set end date for savings tax allowance
Nobody has claimed this yet.
- Dominant language
- Python
- Stars
- 50
- Forks
- 33
- Avg merge
- 20h 58m
- Merged PRs (30d)
- 14
Description
The band of savings income that is subject to the 0% starting tax rate will remain at its current level of £5,000 for 2022-23.
This suggests that this was previously slated to end in 2022, but our parameter isn't end-dated:
@nikhilwoodruff do you know if it's slated to go to zero or some other value?
Contributor guide
First steps
- Read the whole issue, then the project's contributing guide.
- Comment on the issue to say you are picking it up — it saves two people doing the same work.
- Fork the repository and make your change on a branch.
- Open a pull request that references the issue number.
Research direction
Start with the cited Budget AB2021 PDF at page 146 and parameters/tax/income_tax/rates/savings_starter_rate/allowance.yaml. Determine whether the £5,000 savings starter rate allowance should be end-dated for 2022-23 and what value follows, then update the parameter so its dates and value match the confirmed policy.
Written by the indexing model from the issue text.
Assessment
- Tech stack
- python
- Domain
- fintech-quant
- Issue type
- Bug
- Difficulty
- 4/5
- Estimated time
- 3-5 days
- Activity status
- Stale
- Clarity
- Needs clarification
- Newbie friendliness
- 25/100