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Written question asked by Lord Bruce of Bennachie (Liberal Democrat) on Wednesday, 25 November 1998, in the House of Commons. It was due for an answer on Monday, 30 November 1998. It was answered by Baroness Primarolo (Labour) on Monday, 30 November 1998 on behalf of the Treasury.

Treasury

Question
To ask Mr Chancellor of the Exchequer, if he will estimate the full-year revenue yield of introducing a new 50 per cent. rate of income tax on taxable income of over £100,000 per annum. - Inc figs.
Answer

Mr. Malcolm Bruce: To ask the Chancellor of the Exchequer if he will estimate the full-year revenue yield of introducing a new 50 per cent. rate of income tax on taxable income of over £100,000 per annum. [61196] Dawn Primarolo: The estimated full year yield at 1998-99 income levels of introducing a 50 per cent. rate of income tax on taxable incomes over £100,000 per year is £2.0 billion.

Secondary information

Type
Written question
Reference
321 c88W; 61196
Session
1998-99
Subjects
Income tax Tax rates and bands Tax yields
Contains statistics
Yes