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1524817
registered interest false more like this
date remove filter
answering body
Treasury more like this
answering dept id 14 remove filter
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Income Tax remove filter
house id 2 remove filter
legislature
25277
pref label House of Lords more like this
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. more like this
tabling member printed
Lord Moylan more like this
uin HL2763 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-11-02more like thismore than 2022-11-02
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For individuals with income above £100,000, the Personal Allowance (PA) is withdrawn gradually, with £1 of allowance lost for every £2 of income above the income limit of £100,000. This reduction continues until the PA is completely withdrawn for those with incomes above £125,140.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> more like this
answering member printed Baroness Penn more like this
question first answered
less than 2022-11-02T15:48:49.487Zmore like thismore than 2022-11-02T15:48:49.487Z
answering member
4726
label Biography information for Baroness Penn more like this
tabling member
4883
label Biography information for Lord Moylan more like this