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Written question asked by John Battle (Labour), in the House of Commons. It was due for an answer on Friday, 12 July 1991. It was answered by Lord Maude of Horsham (Conservative) on Friday, 12 July 1991 on behalf of the Treasury.


Written question

Question
What would be the projected additional yield in tax revenue from (a) income tax, (b) VAT and (c) corporation tax over five years consequentially of an annual compounded economic growth rate of 2.5 per cent. assuming that tax rates remain as they are and personal allowances are increased in line with the previous year's inflation. - Inc ref to 'Financial Statement & Budget Report' table 2A.4.

Secondary information

Type
Written question
Reference
194 c525-6W
Session
1990-91
Subjects
Corporation tax Income tax Economic growth VAT Tax yields
Contains statistics
Yes