Tax Allowances

Treasury written question – answered on 16th May 2008.

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Photo of Austin Mitchell Austin Mitchell Labour, Great Grimsby

To ask the Chancellor of the Exchequer if he will estimate the cost to the public purse of raising the personal taxation allowance in (a) 2009-10 and (b) 2010-11 by (i) 10 per cent. and (ii) 20 per cent.

Photo of Jane Kennedy Jane Kennedy Financial Secretary, HM Treasury

The cost of increasing all income tax personal allowances by 10 per cent. is regularly published, with latest estimates available in Table 1.6 "Direct effects of illustrative tax changes" on the HM Revenue and Customs' website:

http://www.hmrc.gov.uk/stats/tax_expenditures/menu.htm

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