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908907

	registered interest
	date	21/05/2018
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether they have made an estimate of the additional revenue that would be raised if both capital gains and dividend income were taxed through income tax at the same rates as regular income and without separate tax-free allowances; and if so, what is that estimate.
	tabling member printed	Lord Fox
	uin	HL8069
	answer	answer is ministerial correction date of answer 04/06/2018 answer text <p>HM Revenue and Customs have not made an estimate of the additional revenue that would be raised if both capital gains and dividend income were taxed through income tax at the same rates as regular income and without separate tax-free allowances.</p> answering member printed Lord Bates question first answered 04/06/2018 15:49:36 answering member 1091 label Biography information for Lord Bates
	tabling member	4322 label Biography information for Lord Fox

771253

	registered interest
	date	16/10/2017
	answering body	HM Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	CaTreasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what is their assessment of the October International Monetary Fund half-yearly fiscal monitor report view that tax systems should have become more progressive to reduce inequality and that there is now "scope for increasing the progressivity of income taxation without significantly hurting growth".
	tabling member printed	Lord Kinnock
	uin	HL2054
	answer	answer is ministerial correction date of answer 30/10/2017 answer text <p>The International Monetary Fund’s report conclusions consider the OECD as a whole and are not specifically aimed at the UK.</p><p> </p><p>The UK already has a progressive system. The income tax system consists of three progressive rates of tax – 20%, 40% and 45%, which sit above an internationally high tax-free personal allowance. As a result the top 1% of income taxpayers pay 28% of all income tax and HMRC statistics show additional rate taxpayers paid £46.7bn of tax in 2014-15 compared with £34.5bn in 2010-11.</p> answering member printed Lord Bates question first answered 30/10/2017 16:20:13 answering member 1091 label Biography information for Lord Bates
	tabling member	693 label Biography information for Lord Kinnock

1362408

	registered interest
	date	21/10/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how much revenue would be raised by increasing the income tax rate applicable to Schedule A income by 1.25 per cent.
	tabling member printed	Lord Macpherson of Earl's Court
	uin	HL3306
	answer	answer is ministerial correction date of answer 04/11/2021 answer text <p>As a result of the Tax Law Rewrite, taxation of Schedule A income for individuals was repealed in 2005, and for companies in 2009. As a result, it would only be possible to estimate the revenue raised through an increase to the tax rate of Schedule A at a disproportionate cost.</p> answering member printed Lord Agnew of Oulton question first answered 04/11/2021 12:05:32 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

1379712

	registered interest
	date	17/11/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government what assessment they have made, if any, of the revenue that would be raised by increasing all income tax rates applicable to rental income by 1.25 per cent.
	tabling member printed	Lord Macpherson of Earl's Court
	uin	HL4148
	answer	answer is ministerial correction date of answer 30/11/2021 answer text <p>The government has not made an assessment of the revenue that would be raised by increasing all income tax rates applicable to rental income by 1.25 per cent.</p><p> </p><p>The government keeps all aspects of the tax system under review and any decision on future changes will be taken as part of the annual Budget process in the context of the wider public finances.</p> answering member printed Lord Agnew of Oulton question first answered 30/11/2021 17:46:41 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

1386813

	registered interest
	date	09/12/2021
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government whether, in order to estimate the revenue yield of a one per cent increase on all income tax rates payable on property income, they can draw on the data in Table 3.7 from the Survey of Personal Incomes, which compiles numbers of taxpayers and associated estimates of property income.
	tabling member printed	Lord Macpherson of Earl's Court
	uin	HL4840
	answer	answer is ministerial correction date of answer 20/12/2021 answer text <p>While the Survey of Personal Incomes offers information on the amounts of property income received by Income Tax payers, additional analysis would be required to assess the revenue raised by increasing the rates of Income Tax on property income. This would need to include an assessment of interactions with other aspects of Income Tax, such as the application of allowances and thresholds and the behavioural response to the policy change.</p><p> </p><p>The Government has not made an assessment of the revenue that would be raised by increasing income tax rates applicable to property income by one per cent.</p> answering member printed Lord Agnew of Oulton question first answered 20/12/2021 12:35:54 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	4586 label Biography information for Lord Macpherson of Earl's Court

1524817

	registered interest
	date	20/10/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government what estimate they have made of the reduction in income tax receipts that would result per annum from restoring the Personal Allowance to those earning over £100,000 a year.
	tabling member printed	Lord Moylan
	uin	HL2763
	answer	answer is ministerial correction date of answer 02/11/2022 answer text <p>The Government does not publish this information.</p><p> </p><p>For individuals with income above £100,000, the Personal Allowance (PA) is withdrawn gradually, with £1 of allowance lost for every £2 of income above the income limit of £100,000. This reduction continues until the PA is completely withdrawn for those with incomes above £125,140.</p><p> </p><p>The total income tax liability for those earning above £100,000 is published online in Table 2.5 of HMRC’s income tax liabilities statistics. For the 2022-23 tax year, this is estimated at £123 billion, almost half of the estimated income tax revenue for this year.</p><p> </p><p> </p><p>As with all aspects of the tax system, the Government keeps the withdrawal of the PA under review and any decisions on future changes will be taken by the Chancellor in the context of the wider public finances.</p> answering member printed Baroness Penn question first answered 02/11/2022 15:48:49 answering member 4726 label Biography information for Baroness Penn
	tabling member	4883 label Biography information for Lord Moylan

1540415

	registered interest
	date	07/11/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask His Majesty's Government how many UK tax payers who were entitled to a Personal Allowance (even if abated by withdrawal) submitted an Income Tax Return in the last full fiscal year which declared a taxable income between £100,000 and £125,140.
	tabling member printed	Lord Moylan
	uin	HL3256
	answer	answer is ministerial correction date of answer 17/11/2022 answer text <p>The Government does not publish this information.</p><p> </p><p>The total number of income taxpayers for those earning above £100,000 is published online in Table 2.5 of HMRC’s income tax liabilities statistics. For the 2022-23 tax year, this is estimated at 1,580,000. These statistics are based on the Survey of Personal Incomes (SPI) consistent with OBR forecasts within the 2022 Spring forecast.</p><p> </p><p>This table does not include a breakdown of the number of taxpayers with income between £100,000 and £125,140.</p> answering member printed Baroness Penn question first answered 17/11/2022 16:44:34 answering member 4726 label Biography information for Baroness Penn
	tabling member	4883 label Biography information for Lord Moylan

1232013

	registered interest
	date	07/09/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many people are currently paying the additional rate of income tax; and how much they raised from this band over the last financial year.
	tabling member printed	Lord Risby
	uin	HL7879
	answer	answer is ministerial correction date of answer 16/09/2020 answer text <p>The table below contains estimates of additional rate taxpayer numbers and liabilities taxed at the additional rate for the 2019-20 financial year:</p><p> </p><p> </p><table><tbody><tr><td colspan="2"><p><em>Number of taxpayers with total taxable income above the additional rate threshold and tax liabilities at the additional rate</em></p></td></tr><tr><td><p>Number of taxpayers (thousands)</p></td><td><p>450</p></td></tr><tr><td><p>Total additional rate tax liabilities (£ million)</p></td><td><p>42,400</p></td></tr><tr><td><p>Of which:</p></td><td><p> </p></td></tr><tr><td><p>Tax on earnings (£ million)</p></td><td><p>35,300</p></td></tr><tr><td><p>Tax on savings (£ million)</p></td><td><p>856</p></td></tr><tr><td><p>Tax on dividends (£ million)</p></td><td><p>6,290</p></td></tr></tbody></table><p> </p><ol><li>Taxpayer numbers and liabilities are rounded to three significant figures. Figures may not sum due to rounding.</li><li>The figures are based on outturn data derived from the 2017-18 Survey of Personal Incomes (SPI) and projected using economic assumptions consistent with the Office for Budget Responsibility’s March 2020 Economic and Fiscal Outlook.</li></ol><p> </p><p> </p><p>The estimated number of income tax payers, and liabilities by tax band are published in HMRC’s Income Tax Liabilities Statistics publication.</p><p> </p> answering member printed Lord Agnew of Oulton question first answered 16/09/2020 11:07:23 answering member 4689 label Biography information for Lord Agnew of Oulton
	tabling member	139 label Biography information for Lord Risby

1487695

	registered interest
	date	08/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	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.
	tabling member printed	Lord Sikka
	uin	HL1614
	answer	answer is ministerial correction date of answer 21/07/2022 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 grouped question UIN HL1616 question first answered 21/07/2022 15:42:41 answering member 4726 label Biography information for Baroness Penn
	tabling member	4885 label Biography information for Lord Sikka

1487697

	registered interest
	date	08/07/2022
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Income Tax
	house id	2
	legislature	25277 pref label House of Lords
	question text	To ask Her Majesty's Government how many UK adults are not liable to pay income tax because their total income is less than the tax-free personal allowance.
	tabling member printed	Lord Sikka
	uin	HL1616
	answer	answer is ministerial correction date of answer 21/07/2022 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 grouped question UIN HL1614 question first answered 21/07/2022 15:42:41 answering member 4726 label Biography information for Baroness Penn
	tabling member	4885 label Biography information for Lord Sikka