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Tax Allowances

Volume 506: debated on Monday 1 March 2010

To ask the Chancellor of the Exchequer what estimate he has made of (a) the revenue to be raised consequent upon the withdrawal of personal allowances on incomes between £100,000 and £112,950 and (b) the number of taxpayers who will be affected by this change. (312364)

The Exchequer effect of the announced changes can be found in the Budget Report 2009 in ‘Table 1.2 Budget 2009 policy decisions’ and in ‘Table A2 Other measures announced since Budget 2008’.

The announced changes are expected to affect the top 2 per cent. of tax payers in 2010-11.