Income Tax

Treasury written question – answered on 15th December 2003.

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Photo of Mr George Stevenson Mr George Stevenson Labour, Stoke-on-Trent South

To ask the Chancellor of the Exchequer what the additional revenue raised in Stoke-on-Trent by increasing the basic rate of income tax by one pence would be.

Photo of Dawn Primarolo Dawn Primarolo Paymaster General (HM Treasury)

The additional full-year yield of increasing the basic rate of income tax by one pence in Stoke-on-Trent is £7.7 million in 2000–01. This estimate is based upon the 2000–01 Survey of Personal Incomes. The effects of the illustrative changes can be scaled up or down over a reasonably wide range. This result excludes any behavioural response to the tax change.

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