Written question asked by Lord Forsyth of Drumlean (Conservative), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Monday, 27 September 2010.

Taxation

Question: To ask Her Majesty’s Government, further to the Written Answer by Lord Sassoon on 22 July (WA 253), whether they intend to introduce a dynamic model to assess the impact of tax changes on Exchequer revenues, as proposed by the Tax Reform Commission.

Answer: HM Treasury continues to develop the way in which it assesses the impact of tax changes on exchequer revenues, including through considering the case for the use of dynamic models. It is also committed to greater transparency around the public finances forecast and the assumptions and methodologies underlying policy costings. HM Treasury published the direct effects of tax policy changes on exchequer revenues in table 2.1 of Budget 2010. Alongside this, for the first time, the Treasury also published a supplementary document, Budget 2010 policy costings, providing further details on the Noble Lord’s previous question on the tax models used by the Government.

Secondary information

Type: Written question
Reference: 1846; 720 c498WA
Session: 2010-12
Related items: Taxation
Thursday, 22 July 2010
Written questions
House of Lords
Notes: Answer received between Monday 9 August and Monday 16 August 2010.
Subjects: Forecasts Taxation
Link: View this Written question on www.publications.parliament.uk