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1487695
registered interest false more like this
date less than 2022-07-08more like thismore than 2022-07-08
answering body
Treasury remove filter
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Income Tax more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask Her Majesty's Government what assessment they have made of the number of additional individuals who (1) have become, or (2) are likely to become, liable to pay income tax in 2022/23 because of the freezing of (a) tax-free personal allowance, and (b) income tax thresholds. more like this
tabling member printed
Lord Sikka more like this
uin HL1614 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-07-21more like thismore than 2022-07-21
answer text <p>The OBR’s 2022 Economic and Fiscal Outlook published the projected number of additional individuals brought into paying tax due to the freeze on the Personal Allowance and Income Tax thresholds as 575,000 in 2022-23.</p><p> </p><p>The number of UK adults that are not liable to pay Income Tax because their total income is less than the Personal Allowance can be estimated with the following two figures:</p><p> </p><ul><li>The ONS population projection for the number of UK adults (aged 16 and over) in 2022 is around 55 million.</li></ul><p> </p><ul><li>The total number of individual Income Tax payers is estimated by HMRC to be 34 million in 2022-23.</li></ul><p> </p><p>HMRC’s estimate is based on the 2019-20 Survey of Personal Incomes and is projected using economic assumptions consistent with the Office for Budget Responsibility’s March 2022 Economic and Fiscal Outlook. This represents a sample of individuals in contact with HMRC. However, HMRC do not hold information for all people with incomes below the Income Tax Personal Allowance.</p>
answering member printed Baroness Penn more like this
grouped question UIN HL1616 more like this
question first answered
less than 2022-07-21T15:42:41.433Zmore like thismore than 2022-07-21T15:42:41.433Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
4885
label Biography information for Lord Sikka more like this