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Income Tax: Tax Rates and Bands

Volume 488: debated on Tuesday 24 February 2009

To ask the Chancellor of the Exchequer if he will estimate the cost to the Exchequer of raising the personal allowance for all people to £10,000 and (a) restricting the personal allowance by half from a £100,000 and to zero by £140,000 at a marginal deduction rate of 20 per cent., (b) restricting the personal allowance to zero from a £100,000 at a marginal deduction rate of 20 per cent. and (c) restricting the personal allowance to zero from the upper earning rates threshold at a marginal deduction rate of 20 per cent. in each financial year from 2009-10 to 2014-15. (257648)

The information requested is not available. The particular estimates cannot be derived from information available on the Exchequer effect of changes to personal allowances.