Written question asked by Lord Redwood (Conservative) on Tuesday, 17 April 2007, in the House of Commons. It was due for an answer on Thursday, 19 April 2007. It was answered by Baroness Primarolo (Labour) on Monday, 23 April 2007 on behalf of the Treasury.
Income Tax: Tax Thresholds
- Question
- To ask the Chancellor of the Exchequer if he will estimate the reduction in revenue from raising the 40 per cent. tax rate threshold for income tax to £50,000 of taxable income in a full tax year.
- Answer
-
Raising the higher rate threshold to £50,000 for 2007-08 would cost £5.3 billion.his estimate is based on the 2004-05 survey of personal Incomes projected forward in line with Budget 2007 assumptions.he figure excludes any estimate of behavioural response which could be significant given the scale of the change.
Secondary information
- Type
- Written question
- Reference
- 132814; 459 c987W
- Session
- 2006-07
- Subjects
- Income tax Tax thresholds
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-25 19:57:31 +0000
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