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Income Tax

Treasury written question – answered on 3rd May 2011.

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Photo of Edward Balls Edward Balls Shadow Chancellor of the Exchequer

To ask the Chancellor of the Exchequer with reference to page 26 of his Department’s Budget 2011 policy costings document, if he will publish the projections of future incomes based on the Survey of Personal Incomes.

Photo of Justine Greening Justine Greening The Economic Secretary to the Treasury

holding answer 28 April 2011

The income tax base for policy costings is estimated using data on taxable incomes taken from the Survey of Personal Incomes (SPI).

These estimates are based on the 2007-08 SPI using projections consistent with the OBR's March 2011 economic and fiscal outlook, details of which are available at:

http://budgetresponsibility.independent.gov.uk/wordpress/docs/economic_and_fiscal_outlook_23032011.pdf

The estimated average total income of taxpayers in 2012-13 to 2015-16 taking account of all policy announcements up to 2015-16 is shown in the following table.

Taxpayers average total income (£)
2012-13 31,500
2013-14 32,600
2014-15 34,000
2015-16 35,400

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