Written question asked by Stephen Byers (Labour) on Thursday, 26 February 2009, in the House of Commons. It was due for an answer on Tuesday, 3 March 2009. It was answered by Stephen Timms (Labour) on Tuesday, 3 March 2009 on behalf of the Treasury.
Income Tax: Tax Allowances
- Question
- To ask the Chancellor of the Exchequer what increase in the personal income tax allowance would be achieved at a cost of £8.6 billion in 2009-10; and how many people would be removed from any income tax liability as a result of such an increase.
- Answer
-
Raising the personal allowance by £1,520 to £7,995 for 2009-10 would cost around £8.6 billion and take approximately 1.7 million people out of income tax. This estimate is based on the 2005-06 Survey of Personal Incomes projected forward using pre-Budget 2008 assumptions. It refers only to income tax, not National Insurance contributions, and excludes any estimate of behavioural response.
Secondary information
- Type
- Written question
- Reference
- 488 c1419W; 260310
- Session
- 2008-09
- Subjects
- Income tax
- Link
- View this Written question on www.publications.parliament.uk
Librarians' tools
- Timestamp
- 2013-11-25 19:58:24 +0000
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- http://data.parliament.uk/pimsdata/Hansard/PARLIAMENTARY_QUESTION_1397210
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