To ask the Chancellor of the Exchequer what his estimate is of the revenue yield from introducing a rate of tax of (a) 50 per cent. and (b) 45 per cent. on (i) incomes over £100,000 per annum,(ii) taxable incomes over £100,000 per annum,(iii) incomes over £150,000 per annum, (iv) taxable incomes over £150,000 per annum and (v) capital gains over £100,000 per annum; and if he will make a statement. [130138]
We are compiling comprehensive information on income tax which we expect to publish on the Inland Revenue website shortly. A copy will be placed in the Library of the House.
The full-year capital gains yields from introducing a rate of tax of (a) 50 per cent. and (b) 45 per cent. on incomes over £100,000 per annum are £100 million and £50million respectively.