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999284

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Income Tax: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to table 2.1 of Budget 2018, what estimate he has made of the cost of the public purse of (a) increasing the personal allowance to £12,500 and (b) increasing the higher rate threshold to £50,000, in each year of the forecast period.
tabling member constituency	Barnsley East
tabling member printed	Stephanie Peacock
uin	186423
answer	answer is ministerial correction date of answer 05/11/2018 answer text <p>A breakdown for the Exchequer impact of the changes to the Income Tax Personal Allowance (PA) and Higher Rate Threshold (HRT) announced at the Budget 2018 on 29 October 2018 is provided in Table 1.</p><p> </p><p>Table 1: Exchequer Impact of Budget 2018 announcement– “Personal Allowance and Higher Rate Threshold: increase to £12,500 and £50,000 for 2019-20 and 2020-21”, and Exchequer Impacts of the Personal Allowance and Higher Rate Threshold Elements.</p><p> </p><table><tbody><tr><td><p>Budget 2018 announcement (£ million)</p></td><td><p>2018-19</p></td><td><p>2019-20</p></td><td><p>2020-21</p></td><td><p>2021-22</p></td><td><p>2022-23</p></td><td><p>2023-24</p></td></tr><tr><td><p>Personal Allowance and Higher Rate Threshold: increase to £12,500 and £50,000 for 2019-20 and 2020-21</p></td><td><p>0</p></td><td><p>-2,790</p></td><td><p>-1,935</p></td><td><p>-1,445</p></td><td><p>-1,605</p></td><td><p>-1,780</p></td></tr><tr><td><p><em>of which</em></p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>(i) Personal Allowance: increase to £12,500 for 2019-20 and 2020-21*</p></td><td><p>0</p></td><td><p>-1,980</p></td><td><p>-885</p></td><td><p>-600</p></td><td><p>-650</p></td><td><p>-725</p></td></tr><tr><td><p>(ii) Higher Rate Threshold: increase to £50,000 for 2019-20 and 2020-21 (given (i))**</p></td><td><p>0</p></td><td><p>-810</p></td><td><p>-1,050</p></td><td><p>-845</p></td><td><p>-955</p></td><td><p>-1,055</p></td></tr></tbody></table><p> </p><p>* This line assumes no change to the Basic Rate Limit (BRL).</p><p> </p><p>** This line reflects the impact of increasing the HRT to £50,000, assuming the PA has been increased to £12,500.</p><p>The Exchequer impact above includes the impact from the Upper Earnings Limit and Upper Profits Limit for National Insurance being aligned with the Income Tax Higher Rate Threshold. Further information on the Exchequer impact from the “Personal Allowance and Higher Rate Threshold: increase to £12,500 and £50,000 in 2019-20 and 2020-21” measure can be found in “Budget 2018: policy costings”.</p><p>Totals may not sum due to rounding.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 186304 186305 question first answered 05/11/2018 17:28:25 answering member 3935 label Biography information for Mel Stride
tabling member	4607 label Biography information for Stephanie Peacock

999331

registered interest
date	31/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Income Tax: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, with reference to the figures in the table entitled Exchequer Impact (£m) on page 5 of his Department's document, Budget 2018: policy costings, published on 29 October 2018, if he will publish a separate figure for the Exchequer impact of the increase in the personal allowance to £12,500 for each of those financial years.
tabling member constituency	Edinburgh South
tabling member printed	Ian Murray
uin	186304
answer	answer is ministerial correction date of answer 05/11/2018 answer text <p>A breakdown for the Exchequer impact of the changes to the Income Tax Personal Allowance (PA) and Higher Rate Threshold (HRT) announced at the Budget 2018 on 29 October 2018 is provided in Table 1.</p><p> </p><p>Table 1: Exchequer Impact of Budget 2018 announcement– “Personal Allowance and Higher Rate Threshold: increase to £12,500 and £50,000 for 2019-20 and 2020-21”, and Exchequer Impacts of the Personal Allowance and Higher Rate Threshold Elements.</p><p> </p><table><tbody><tr><td><p>Budget 2018 announcement (£ million)</p></td><td><p>2018-19</p></td><td><p>2019-20</p></td><td><p>2020-21</p></td><td><p>2021-22</p></td><td><p>2022-23</p></td><td><p>2023-24</p></td></tr><tr><td><p>Personal Allowance and Higher Rate Threshold: increase to £12,500 and £50,000 for 2019-20 and 2020-21</p></td><td><p>0</p></td><td><p>-2,790</p></td><td><p>-1,935</p></td><td><p>-1,445</p></td><td><p>-1,605</p></td><td><p>-1,780</p></td></tr><tr><td><p><em>of which</em></p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>(i) Personal Allowance: increase to £12,500 for 2019-20 and 2020-21*</p></td><td><p>0</p></td><td><p>-1,980</p></td><td><p>-885</p></td><td><p>-600</p></td><td><p>-650</p></td><td><p>-725</p></td></tr><tr><td><p>(ii) Higher Rate Threshold: increase to £50,000 for 2019-20 and 2020-21 (given (i))**</p></td><td><p>0</p></td><td><p>-810</p></td><td><p>-1,050</p></td><td><p>-845</p></td><td><p>-955</p></td><td><p>-1,055</p></td></tr></tbody></table><p> </p><p>* This line assumes no change to the Basic Rate Limit (BRL).</p><p> </p><p>** This line reflects the impact of increasing the HRT to £50,000, assuming the PA has been increased to £12,500.</p><p>The Exchequer impact above includes the impact from the Upper Earnings Limit and Upper Profits Limit for National Insurance being aligned with the Income Tax Higher Rate Threshold. Further information on the Exchequer impact from the “Personal Allowance and Higher Rate Threshold: increase to £12,500 and £50,000 in 2019-20 and 2020-21” measure can be found in “Budget 2018: policy costings”.</p><p>Totals may not sum due to rounding.</p> answering member constituency Central Devon answering member printed Mel Stride grouped question UIN 186305 186423 question first answered 05/11/2018 17:28:25 answering member 3935 label Biography information for Mel Stride
tabling member	3966 label Biography information for Ian Murray

988714

registered interest
date	16/10/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Income Tax: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to increase personal income tax allowances for lower rate taxpayers after the UK leaves the EU.
tabling member constituency	Upper Bann
tabling member printed	David Simpson
uin	180153
answer	answer is ministerial correction date of answer 24/10/2018 answer text <p>In April, the government took a significant step towards meeting these commitments; the personal allowance increased from £11,500 to £11,850, and the higher rate threshold from £45,000 to £46,350.</p><p> </p><p>By year end 2018-19, these changes will have benefitted over 31 million individuals since the start of the last Parliament, 1.2 million people on the lowest incomes will have been taken out of income tax altogether, and a typical taxpayer will pay £1,075 less income tax, compared to 2010-11.</p><p> </p><p>As with all aspects of the tax system, the government will keep the personal allowance under review and any decisions on future changes will be taken as part of the annual Budget process in the context of the wider public finances.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 24/10/2018 15:52:52 answering member 3935 label Biography information for Mel Stride
tabling member	1597 label Biography information for David Simpson

872635

registered interest
date	27/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Income Tax: Tax Allowances
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, how many people received income tax age-related personal allowances in (a) 2015-16, (b) 2016-17 and (c) 2017-18.
tabling member constituency	Bootle
tabling member printed	Peter Dowd
uin	134449
answer	answer is ministerial correction date of answer 29/03/2018 answer text <p>An estimate of the number of people who received income tax age-related personal allowances in 2015-16, 2016-17, and 2017-18 is shown below:</p><p> </p><table><tbody><tr><td><p> </p></td><td><p><strong>2015-16</strong></p></td><td><p><strong> 2016-17 </strong></p></td><td><p><strong>2017-18</strong></p></td><td><p> </p></td></tr><tr><td><p><strong>Number of Individuals (thousands) </strong></p></td><td><p>1,600</p></td><td><p>0</p></td><td><p>0</p></td><td><p> </p></td></tr></tbody></table><p> </p><p>From 2013-14 the age-related personal allowances were frozen until they were aligned with the personal allowance. In 2015-16 the age-related personal allowance for individuals born before 6 April 1938 was higher than the personal allowance. The age-related personal allowances were fully aligned with the personal allowance from 2016-17, which is why there are no people shown in the table as having age-related personal allowances in that year and the next.</p><p> </p><p>These estimates are based on the 2014-15 Survey of Personal Incomes, projected using economic assumptions consistent with the Office for Budget Responsibility’s November 2017 Economic and Fiscal Outlook.</p> answering member constituency Central Devon answering member printed Mel Stride question first answered 29/03/2018 11:33:13 answering member 3935 label Biography information for Mel Stride
tabling member	4397 label Biography information for Peter Dowd