Skip to main content

10p Tax Rate

Volume 470: debated on Thursday 24 January 2008

15. To ask the Chancellor of the Exchequer what estimate he has made of the effect on revenue to the Exchequer arising from the abolition of the 10 pence tax rate; and if he will make a statement. (181424)

The yield from removing the 10p starting rate of income tax on non-savings income was published in the Financial Statement and Budget Report 2007 at line 15 of table A1. Removing the 10p starting rate of income tax was one single aspect of the Budget 2007 package, and should not be looked at in isolation from the other changes announced.