Written question asked by Lord Bruce of Bennachie (Liberal Democrat), in the House of Commons. It was due for an answer on Tuesday, 28 January 1997. It was answered by Michael Jack (Conservative) on Tuesday, 28 January 1997 on behalf of the Treasury.

Treasury

Question: If he will estimate the (a) first year and (b) full year cost of raising the personal income tax allowance in 1997-98 by (i) £175, (ii) £190 and (iii) £200; and if he will estimate in each case the number of individuals who would cease to be liable to pay income tax as a consequence of such a change. - Inc table of available information. (Holding answer 27 January 1997).

Answer: Mr. Malcolm Bruce: To ask the Chancellor of the Exchequer if he will estimate the (a) first year and (b) full year cost of raising the personal income tax allowances in 1997-98 by (i) £175, (ii) £190 and (iii) £200; and if he will estimate in each case the number of individuals who would cease to be liable to pay income tax as a consequence of such a change. [12747] Mr. Jack: [holding answer 27 January 1997]: Available information is given in the table. _________________________________________________________________________________________________. Increase in non-aged and aged Full year cost at 1997-98 First year cost at 1997-98 Number of taxpayers taken out personal tax allowances £ income levels{1} £ million income levels £ million of income tax thousands 175 1,050 790 400 190 1,150 850 440 200 1,200 900 470 _________________________________________________________________________________________________. {1} Based on the Budget forecast.

Secondary information

Type: Written question
Reference: 12747; 289 c142W
Session: 1996-97
Subjects: Costs Allowances Income tax Personal taxation Tax rates and bands Taxpayers
Contains statistics: Yes