HC Deb 27 March 1996 vol 274 c611W
Mr. Malcolm Bruce

To ask the Chancellor of the Exchequer what is his estimate of the addition to Exchequer revenues which would result from raising the basic rate of tax from 24 per cent. to 25 per cent. in(a) 1996–97, (b) 1997–98, (c) 1998–99, (d) 1999–2000 and (e) 2000–2001. [22834]

Mr. Jack

[holding answer 26 March 1996]: The estimated full-year yield would be about £1.6 billion at 1996–97 income levels. The yields for future years would depend on levels of incomes, tax reliefs and allowances in those years.