Skip to main content

Written question asked by Lord Field of Birkenhead (Labour) on Thursday, 15 May 2008, in the House of Commons. It was due for an answer on Tuesday, 20 May 2008. It was answered by Jane Kennedy (Labour) on Monday, 9 June 2008 on behalf of the Treasury.


Income Tax: Tax Rates and Bands

Question
To ask the Chancellor of the Exchequer pursuant to the oral statement of 13 May 2008, Official Report, columns 1201-2, on income tax, (1) what the effect of the (a) increase in personal allowances and (b) abolition of the 10 pence starting rate of tax is for those earning below £40,835, broken down by £1,000 income bands; and if he will make a statement;
Answer

[holding answer 20 May 2008]: The announcement on 13 May means that 80 per cent. of the households who stood to lose from the Budget 2007 reforms are compensated in full, and the remaining 1.1 million will see their losses more than halved.Details of the 1.1 million households who are not fully compensated, including the information requested, are set out in the Government's memorandum to the Treasury Committee on its inquiry into Budget Measures and Low-Income Households.


Secondary information

Type
Written question
Reference
477 c108W; 206884
Session
2007-08
Related items
Income Tax
Tuesday, 13 May 2008
Proceeding contributions
House of Commons
Subjects
Income tax Tax rates and bands
Link
View this Written question on www.publications.parliament.uk