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answering dept id	14
min answer date	2017-10-26
ddp modified	2017-10-30T16:52:08.542Z
hansard heading	Income Tax
max answer › date of answer	2019-05-17
max answer › question first answered	2018-11-19T13:38:37.357Z

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registered interest

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answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

771253

registered interest

date

16/10/2017

answering body

HM Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

CaTreasury

hansard heading

Income Tax

house id

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

is ministerial correction

date of answer

30/10/2017

answer text

The International Monetary Fund’s report conclusions consider the OECD as a whole and are not specifically aimed at the UK. 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.

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