Income Tax

Treasury written question – answered on 25th June 2007.

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Photo of Mark Hoban Mark Hoban Shadow Minister (Treasury)

To ask the Chancellor of the Exchequer what estimate he has made of the likely net effect on annual Treasury revenues of a four pence reduction in the basic rate of income tax.

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

The Exchequer effect of a 4p reduction in the basic rate of income tax can be derived from table 1.6 'Direct effects of illustrative tax changes' on the HM Revenue and Customs website at

http://www.hmrc.gov.uk/stats/tax_expenditures/table 1-6.pdf.

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