On 8 October 2013, the Treasury and Resources Department published the draft Budget for 2014. The main draft proposals are summarized below. Income tax The proposals include -   1.5% increase of the income tax exemption thresholds, in line with the increase in inflation registered in 2013. The new income tax exemption thresholds will be: Category Threshold (GBP) single person 14,000 single person (aged 65+) 15,600 married couple 22,400 married couple (aged 65+) 25,700 -   decrease of the income tax marginal rate from 27% to 26%; -   increase of the age of entitlement to the higher income tax...