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48440
registered interest false more like this
date less than 2014-04-25more like thismore than 2014-04-25
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
house id 1 more like this
legislature
25259
pref label House of Commons remove filter
question text To ask Mr Chancellor of the Exchequer, if he will estimate the potential cost to the public purse of raising the income tax personal allowance for 2015-16 from £10,500 to £12,300 with the same maximum cash benefit going to basic and higher rate taxpayers but no benefit going to additional rate taxpayers. more like this
tabling member constituency Harlow remove filter
tabling member printed
Robert Halfon more like this
uin 196610 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2014-05-06more like thismore than 2014-05-06
answer text <p>Raising the income tax personal allowance to £12,300 in 2015-16 is estimated to cost in the region of £9.5 billion.</p><p> </p><p>A reduction to the basic rate limit has been assumed so that the higher rate threshold is unchanged. As a result of this, basic rate and most higher rate taxpayers would benefit equally from the personal allowance increase.</p><p> </p><p>This estimate is based on the 2011-12 Survey of Personal Incomes, projected to 2015-16 using economic assumptions consistent with the Office for Budget Responsibility's March 2014 economic and fiscal outlook.</p><p> </p> more like this
answering member constituency South West Hertfordshire more like this
answering member printed Mr David Gauke more like this
question first answered
less than 2014-05-06T12:00:00.00Zmore like thismore than 2014-05-06T12:00:00.00Z
answering member
1529
label Biography information for Mr David Gauke more like this
tabling member
3985
label Biography information for Robert Halfon more like this