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Tax Allowances

Volume 475: debated on Friday 16 May 2008

To ask the Chancellor of the Exchequer if he will estimate the cost to the public purse of raising the personal taxation allowance in (a) 2009-10 and (b) 2010-11 by (i) 10 per cent. and (ii) 20 per cent. (205253)

The cost of increasing all income tax personal allowances by 10 per cent. is regularly published, with latest estimates available in Table 1.6 “Direct effects of illustrative tax changes” on the HM Revenue and Customs' website:

http://www.hmrc.gov.uk/stats/tax_expenditures/menu.htm