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Income Tax: Tax Rates and Bands

Volume 488: debated on Monday 2 March 2009

To ask the Chancellor of the Exchequer if he will estimate the change in tax revenue which would occur if incomes at £100,000 and above were taxed at a marginal rate of 50 per cent. in 2009-10. (259620)

The table ‘Additional full-year yield from the introduction of additional higher rates of tax on TAXABLE incomes over a specific amount' contains comprehensive information on income tax and is available in the Library of the House of Commons. The table excludes any estimate of behavioural response.

The version of the table currently available is based upon the 2005-06 Survey of Personal Incomes projected forward to 2008-09 in line with Budget 2008, including changes made on the13 May 2008. An updated table for 2009-10 based on the latest available survey will be placed in the Library before the summer recess.