§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer what estimate he has made of the average change in annual gross income tax paid in absolute terms about a 1 per cent. change in the basic rate of income tax in 2000–01 by income tax payers with
Change in 200–01 Average change in gross income tax paid in absolute terms from a 1 per cent. change in income tax (£) For taxpayers with taxable income exceeding £1,520 and lower than £28,400 90 For taxpayers with taxable income exceeding £28,400 and lower than £100,000 260 For taxpayers with taxable income exceeding £100,000 265 The estimates are based on the Survey of Personal Incomes and consistent with the November 2000 pre-Budget report.