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Proceeding contribution from Charlie Elphicke (Conservative) in the House of Commons on Monday, 16 April 2012. It occurred during Debate on bill on Finance (No. 4) Bill.


Finance (No. 4) Bill

The hon. Lady can correct me if I am wrong, but my reading of the IFS's analysis is that it says that increasing the personal allowance just like that would benefit the most well-off, but it does not take into account the fact that the threshold at the 40% rate is reduced down so that the most well-off do not benefit. That is a slight flaw, by my reading, in the IFS analysis.


Secondary information

Type
Proceeding contribution
Reference
543 c42 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Child benefit Alcoholic drinks Charities Business Corporation tax Banks Caravans Air passenger duty Housing Donors Income tax Excise duties Fuels Fiscal policy Economic situation Foreign companies Pension credit Personal income Pensioners Low incomes Pensions Prices Welfare tax credits Small businesses Tax allowances Tax avoidance Taxation VAT Stamp duties Tax rates and bands Stamp duty land tax Age allowances
Legislation
Finance Bill 2010-12 to 2012-13
Link
View this Proceeding contribution on www.publications.parliament.uk