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To ask the Chancellor of the Exchequer what estimate he has made of the likely net effect on annual Treasury revenues of a four pence reduction in the basic rate of income tax.
To ask the Chancellor of the Exchequer what estimate he has made of the likely net effect on annual Treasury revenues of a four pence reduction in the basic rate of income tax.
To ask the Chancellor of the Exchequer if he will estimate the revenue implications of a 1 per cent. change in the basic rate of income tax in each year from 2007-08 to 2010-11; and if he will make a statement.
To ask the Chancellor of the Exchequer if he will estimate the revenue implications of a 1 per cent. change in the basic rate of income tax in each year from 2007-08 to 2010-11; and if he will make a statement.
| Cost/yield (£ billion) | |
| 2007-08 | 3.7 |
| 2008-09 | 4.5 |
| 2009-10 | 4.7 |
| 2010-11 | 4.9 |
(2) if he will estimate the revenue implications of increasing the personal tax free allowance to (a) £7,500, (b) £8,000, (c) £8,500, (d) £9,000, (e) £9,500 and (f) £10,000 in each year from 2007-08 to 2010-11; and if he will make a statement.
(2) if he will estimate the revenue implications of increasing the personal tax free allowance to (a) £7,500, (b) £8,000, (c) £8,500, (d) £9,000, (e) £9,500 and (f) £10,000 in each year from 2007-08 to 2010-11; and if he will make a statement.
| Taxpayers removed from income tax | ||||||
|---|---|---|---|---|---|---|
| Number: (£ million) | ||||||
| Personal allowance | ||||||
| 7,500 | 8,000 | 8,500 | 9,000 | 9,500 | 10,000 | |
| 2007-08 | 2.6 | 3.3 | 4.1 | 4.9 | 5.7 | 6.4 |
| 2008-09 | 2.3 | 2.9 | 3.4 | 3.9 | 4.6 | 5.4 |
| 2009-10 | 2.1 | 2.7 | 3.1 | 3.6 | 4.2 | 5.0 |
| 2010-11 | 2.0 | 2.5 | 3.0 | 3.4 | 3.9 | 4.6 |
| Cost of increasing the personal allowance | ||||||
|---|---|---|---|---|---|---|
| (£ billion) | ||||||
| Personal Allowance | ||||||
| 7,500 | 8,000 | 8,500 | 9,000 | 9,500 | 10,000 | |
| 2007-08 | 13.9 | 17.0 | 20.1 | 23.1 | 26.0 | 28.8 |
| 2008-09 | 12.6 | 15.5 | 18.3 | 21.0 | 24.0 | 26.9 |
| 2009-10 | 11.9 | 14.8 | 17.6 | 20.4 | 23.3 | 26.3 |
| 2010-11 | 11.1 | 14.0 | 17.0 | 19.8 | 22.6 | 25.7 |
To ask the Chancellor of the Exchequer if he will estimate the reduction in revenue from raising the 40 per cent. tax rate threshold for income tax to £50,000 of taxable income in a full tax year.
To ask the Chancellor of the Exchequer if he will estimate the reduction in revenue from raising the 40 per cent. tax rate threshold for income tax to £50,000 of taxable income in a full tax year.
To ask the Chancellor of the Exchequer what assessment he has made of the impact of the removal of the 10 pence tax rate on the incomes of people aged (a) between 60 and 65 years and (b) 65 years and older.
To ask the Chancellor of the Exchequer what assessment he has made of the impact of the removal of the 10 pence tax rate on the incomes of people aged (a) between 60 and 65 years and (b) 65 years and older.
To ask the Chancellor of the Exchequer (1) if he will estimate the number of income tax payers who would be removed from taxation as a result of raising the income tax threshold to (a) £7,500, (b) £8,000, (c) £8,500, (d) £9,000, (e) £9,500 and (f) £10,000 in each year...
To ask the Chancellor of the Exchequer (1) if he will estimate the number of income tax payers who would be removed from taxation as a result of raising the income tax threshold to (a) £7,500, (b) £8,000, (c) £8,500, (d) £9,000, (e) £9,500 and (f) £10,000 in each year...
| Taxpayers removed from income tax | ||||||
|---|---|---|---|---|---|---|
| Number: (£ million) | ||||||
| Personal allowance | ||||||
| 7,500 | 8,000 | 8,500 | 9,000 | 9,500 | 10,000 | |
| 2007-08 | 2.6 | 3.3 | 4.1 | 4.9 | 5.7 | 6.4 |
| 2008-09 | 2.3 | 2.9 | 3.4 | 3.9 | 4.6 | 5.4 |
| 2009-10 | 2.1 | 2.7 | 3.1 | 3.6 | 4.2 | 5.0 |
| 2010-11 | 2.0 | 2.5 | 3.0 | 3.4 | 3.9 | 4.6 |
| Cost of increasing the personal allowance | ||||||
|---|---|---|---|---|---|---|
| (£ billion) | ||||||
| Personal Allowance | ||||||
| 7,500 | 8,000 | 8,500 | 9,000 | 9,500 | 10,000 | |
| 2007-08 | 13.9 | 17.0 | 20.1 | 23.1 | 26.0 | 28.8 |
| 2008-09 | 12.6 | 15.5 | 18.3 | 21.0 | 24.0 | 26.9 |
| 2009-10 | 11.9 | 14.8 | 17.6 | 20.4 | 23.3 | 26.3 |
| 2010-11 | 11.1 | 14.0 | 17.0 | 19.8 | 22.6 | 25.7 |
On that point, the idea that there should be a Finance Bill every two years is not a new proposition. Will the hon. Lady explain how she would deal with the catastrophic loss—or potentially catastrophic loss—of revenue on account of avoidance if the House presided over a two-year Budget?
On that point, the idea that there should be a Finance Bill every two years is not a new proposition. Will the hon. Lady explain how she would deal with the catastrophic loss—or potentially catastrophic loss—of revenue on account of avoidance if the House presided over a two-year Budget?
The point I was making to the hon. Lady was that there is a difference between policy and technical amendment. She previously complained about anti-avoidance policy being too long, so will she explain how that matter could be dealt with just through Budget resolutions without discussion by the House?
The point I was making to the hon. Lady was that there is a difference between policy and technical amendment. She previously complained about anti-avoidance policy being too long, so will she explain how that matter could be dealt with just through Budget resolutions without discussion by the House?
indicated dissent.
indicated dissent.
Perhaps the hon. Gentleman could explain whether he agrees with the proposition that people who make losses but have nothing to offset them against should be able to sell those losses to others who have no losses but wish to buy them to offset against the tax that they should...
Perhaps the hon. Gentleman could explain whether he agrees with the proposition that people who make losses but have nothing to offset them against should be able to sell those losses to others who have no losses but wish to buy them to offset against the tax that they should...
To ask the Chancellor of the Exchequer what estimate he has made of the (a) number of cases of and (b) loss of revenue through income tax evasion by those resident in (i) the United Kingdom, (ii) each region and (iii) each London borough in each of the last five...
To ask the Chancellor of the Exchequer what estimate he has made of the (a) number of cases of and (b) loss of revenue through income tax evasion by those resident in (i) the United Kingdom, (ii) each region and (iii) each London borough in each of the last five...
Perhaps the hon. Gentleman could give us just one point in that paper that demonstrates that people are discouraged from staying together as a couple by the tax system.
Perhaps the hon. Gentleman could give us just one point in that paper that demonstrates that people are discouraged from staying together as a couple by the tax system.
I listened carefully to what the hon. Gentleman said. He implied that the way in which tax credits and the tax system are constructed discourages partners from staying together, but where is his proof?
I listened carefully to what the hon. Gentleman said. He implied that the way in which tax credits and the tax system are constructed discourages partners from staying together, but where is his proof?
I have read the whole thing, and I am waiting for the hon. Member for South-West Hertfordshire (Mr. Gauke) to give one point that proves his argument.
I have read the whole thing, and I am waiting for the hon. Member for South-West Hertfordshire (Mr. Gauke) to give one point that proves his argument.
Does the hon. Gentleman expect his party’s environmental taxes to work? If they do, and people’s income goes down as a result, how will his party fund the income tax cut then?
Does the hon. Gentleman expect his party’s environmental taxes to work? If they do, and people’s income goes down as a result, how will his party fund the income tax cut then?
If the hon. Gentleman looks at the take-up of working tax credit, he will find that it is higher than any of the predecessor benefits offered to that group. I agree that it is not as high as I would like it to be, but it is still considerably higher...
If the hon. Gentleman looks at the take-up of working tax credit, he will find that it is higher than any of the predecessor benefits offered to that group. I agree that it is not as high as I would like it to be, but it is still considerably higher...
I think that the hon. Gentleman will find that his point does not bear scrutiny. If he looks at the take-up of the child tax credit for families on incomes of £10,000 or less a year—we would all class them as low-income families—it is 97 per cent. That is hardly...
I think that the hon. Gentleman will find that his point does not bear scrutiny. If he looks at the take-up of the child tax credit for families on incomes of £10,000 or less a year—we would all class them as low-income families—it is 97 per cent. That is hardly...
To ask the Chancellor of the Exchequer how much income tax was paid in the last year for which figures are available by individuals whose income did not exceed their tax free allowance; and what percentage was claimed back.
To ask the Chancellor of the Exchequer how much income tax was paid in the last year for which figures are available by individuals whose income did not exceed their tax free allowance; and what percentage was claimed back.
To ask the Chancellor of the Exchequer how much was paid in (a) income tax and (b) national insurance contributions by (i) men and (ii) women aged (A) under 25, (B) 25 to 29, (C) 30 to 34, (D) 35 to 39, (E) 40 to 44, (F) 45 to 49,...
To ask the Chancellor of the Exchequer how much was paid in (a) income tax and (b) national insurance contributions by (i) men and (ii) women aged (A) under 25, (B) 25 to 29, (C) 30 to 34, (D) 35 to 39, (E) 40 to 44, (F) 45 to 49,...
| Male | Female | |||
| Age range | Numbers paying NICs (000) | Mean NICs (£) | Numbers paying NICs (000) | Mean NICs (£) |
| Under 20 | 372 | 552 | 258 | 419 |
| 20 to 24 | 1,180 | 930 | 970 | 760 |
| 25 to 29 | 1,500 | 1,380 | 1,240 | 1,240 |
| 30 to 34 | 1,820 | 1,600 | 1,390 | 1,180 |
| 35 to 39 | 2,050 | 1,750 | 1,500 | 1,100 |
| 40 to 44 | 2,050 | 1,670 | 1,590 | 1,050 |
| 45 to 49 | 1,810 | 1,690 | 1,450 | 1,080 |
| 50 to 54 | 1,610 | 1,610 | 1,310 | 1,040 |
| 55-59¹ | 1,500 | 1,480 | 1,530 | 737 |
| 60 to 64² | 985 | 1,140 | — | — |
| 65+ | — | — | — | — |
| All ranges | 14,870 | 1,500 | 11 ,250 | 1,010 |
| ¹ Includes females that turned 60 at the end of the financial year but paid NICs as 59-year-olds for some proportion of the year. | ||||
| ² Includes males that turned 65 at the end of the financial year but paid NICs as 64-year-olds for some proportion of the year. | ||||
| Notes: | ||||
| 1. This table is based on age at the end of the financial year. Individuals cease paying NICs when they reach state retirement age; this is 60 for females and 65 for males. | ||||
| 2. Figures are rounded so totals will not necessarily sum to their components. | ||||
| 3. Figures are UK primary accruals for 2004-05 net of rebates. They include Class 1 net, Class 2, Class 3 and Class 4 NICs. | ||||
| 4. The figures are estimated using: | ||||
| Annual survey of hours and earnings for 2004-05 for the Class 1 age distribution. | ||||
| Survey of personal incomes for 2003-04, uprated with earnings for 2004-05, for the self-employed age distribution. | ||||
| DWP contributions and qualifying years tables for 2002-03 for the Class 3 age distribution. |