§ Mr. Battle
To ask the Chancellor of the Exchequer if he will publish a table showing the value of the main tax reliefs and allowances and the saving that would occur if these were restricted to the basic rate of tax.
§ Mr. Maude
A table showing the cost of direct tax allowances and reliefs in 1991–92 was given in appendix D of the Autumn Statement statistical supplement Cm 1920 published in January 1992.
It is estimated that the yield from restricting all of the main income tax allowances and reliefs to the basic rate would be some £2 billion at 1991–92 levels of income.