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Written question asked by Michael Jack (Conservative), in the House of Commons. It was due for an answer on Wednesday, 11 June 1997. It was answered by Baroness Primarolo (Labour) on Wednesday, 11 June 1997 on behalf of the Treasury.


Treasury

Question
For a married taxpayer with earned income and no other income of (i) £5,000, (ii) £10,000, (iii) £15,000 and (iv) £20,000 and a single taxpayer with earned income and no other income of (a) £5,000, (b) £10,000 (c) £15,000 and (d) £20,000, how much they would gain each week from the introduction of a 10p starting rate of income tax on the first (1) £1,000, (2) £1,500, (3) £2,000, (4) £2,500 and (5) £3,000 of taxable income to replace the first £2,000 of the current 20p income tax band while leaving all other tax rate bands and allowances unchanged. - Including table. (Holding answer 2 June 1997).
Answer

Mr. Jack: To ask the Chancellor of the Exchequer for a married taxpayer with earned income and no other income of (i) £5,000, (ii) £10,000, (iii) £15,000 and (iv) £20,000 and a single taxpayer with earned income and no other income of (a) £5,000, (b) £10,000 (c) £15,000 and (d) £20,000, how much they would gain each week from the introduction of a 10p starting rate of income tax on the first (1) £1,000, (2) £1,500, (3) £2,000, (4) £2,500 and (5) £3,000 of taxable income to replace the first £2,000 of the current 20p income tax band while leaving all other tax rate bands and allowances unchanged. [1859] Dawn Primarolo: [holding answer 2 June 1997]: Ô Ý+ p-p-p-Ý Ý ÔŒBased on the right hon. Member's assumptions, the weekly gains from a new 10p starting rate of income tax are given in the table. 1997-98 allowances and rates are used. Gain per week (£) Width of 10p band _________________________________________________________________________________________________. Earnings £1,000 £1,500 £2,000 £2,500 £3,000 £5,000 1.84 1.84 1.84 1.84 1.84 £10,000 1.92 2.88 3.85 4.81 5.77 £15,000 1.92 2.88 3.85 4.81 5.77 £20,000 1.92 2.88 3.85 4.81 5.77 _________________________________________________________________________________________________.


Secondary information

Type
Written question
Reference
1859; 295 c446W
Session
1997-98
Subjects
Income tax Tax rates and bands
Contains statistics
Yes