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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

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

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

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

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