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Written question asked by Mark Hoban (Conservative) on Monday, 18 June 2007, in the House of Commons. It was due for an answer on Wednesday, 20 June 2007. It was answered by Baroness Primarolo (Labour) on Monday, 25 June 2007 on behalf of the Treasury.


Income Tax

Question
To ask the Chancellor of the Exchequer what estimate he has made of the likely net effect on annual Treasury revenues of a four pence reduction in the basic rate of income tax.
Answer

The Exchequer effect of a 4p reduction in the basic rate of income tax can be derived from table 1.6 'Direct effects of illustrative tax changes' on the HM Revenue and Customs website at"http://www.hmrc.gov.uk/stats/tax_expenditures/table 1-6.pdf."


Secondary information

Type
Written question
Reference
144566; 462 c384W
Session
2006-07
Subjects
Income tax Tax rates and bands
Link
View this Written question on www.publications.parliament.uk