Income Tax

HM Treasury written question – answered on 9th December 2014.

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Photo of Diana R. Johnson Diana R. Johnson Shadow Minister (Home Affairs)

To ask Mr Chancellor of the Exchequer, what recent estimate he has made of how much the reduction in the additional rate of income tax to 45 per cent is worth for a person earning £1 million a year.

Photo of David Gauke David Gauke The Financial Secretary to the Treasury

I refer you to my earlier answer to the question asked by the member for Inverclyde (Mr Iain McKenzie).

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