§ Mr. BeithTo ask the Chancellor of the Exchequer what would be the costs in 1991–92 and 1992–93 of raising the basic rate income tax limit to (i) £25,000, (ii) £27,500 and (iii) £30,000.
§ Mr. MaudeEstimated revenue costs, compared with the Budget proposals, are in the table, which assumes statutory indexation of allowances and threshold for 1992–93.
Basic rate limit in 1991–92 (£) Effect on receipts in 1991–92 £ million 1992–93 25,000 190 320 27,500 490 840 30,000 750 1,270