HC Deb 09 November 2000 vol 356 c336W
21. Mr. Baker

To ask the Chancellor of the Exchequer how much an increase in top-rate tax from 40p to 50p in the pound would raise if that were applied to those earning over £250,000 per annum. [135969]

Dawn Primarolo

The full-year yield from raising the top rate of income tax to 50 per cent. on taxable income of over £250,000 is £1.5 billion in 2001–02.

The estimate is based on the Survey of Personal Incomes and is consistent with the March 2000 Budget.