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Income Tax

Volume 405: debated on Thursday 15 May 2003

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To ask the Chancellor of the Exchequer if he will estimate how much revenue

Inflation Measures 1997–2002
Change on previous year (per cent)
199719981999200020012002
Household Consumption Expenditure Deflator (Total)2.22.91.50.80.90.7
Household Consumption Expenditure Deflator (Services)1.40.8-0.7-1.6-1.8-1.9
Household Consumption Expenditure Deflator (Goods)4.25.44.13.74.04.1
Government Consumption Expenditure Deflator1.62.24.44.65.15.1
Gross Fixed Capital Formation Deflator-0.2-0.41.21.72.43.4

would have been raised in the financial year 2002–03 by a 50 per cent, rate of tax on taxable income over £100,000 pa. [113412]

The additional full-year yield of a 50 per cent, rate of tax on taxable income over £100,000 in 2002–03 is £4.2 billion. This estimate is based on the Survey of Personal Incomes and is consistent with the April 2003 Budget.This estimate excludes any behavioural response to the tax change.

To ask the Chancellor of the Exchequer how many people in residential care homes in England and Wales pay income tax. [113777]

To ask the Chancellor of the Exchequer how much money the Inland Revenue holds from overpayment of income tax. [112926]

The amount of money held at any one time for income tax overpayments is not accurately identifiable. This is because several systems cover different groups of taxpayers and an overpayment may not arise until an Income Tax liability has been established. How overpayments and potential repayments are identified and dealt with will depend on the group of taxpayers being considered. For example different procedures apply for employees and for Self Assessment taxpayers.

To ask the Chancellor of the Exchequer what estimate he has made of the number of people who overpaid income tax in each of the last five years; and If he will make a statement. [112927]