HC Deb 24 June 1991 vol 193 c385W
Mr. Battle

To ask the Chancellor of the Exchequer if he will estimate the effect on Treasury revenues in 1991–92 and in a full year of the introduction of a 50 per cent. top rate of income tax on annual taxable income above(a) £42,000, (b) £47,000, (c) £52,000 and (d) £57,000.

Mr. Maude

The yield in a full year at 1991–92 levels of income is estimated to be(a) £1.7 billion, (b) £1.5 billion, (c) £1.4 billion and (d) £1.2 billion. The corresponding yields in 1991–92 are (a) £0.9 billion, (b) £0.8 billion, (c) £0.7 billion and (d) £0.6 billion.

No account is taken of possible behavioural changes or of any effect on receipts of capital gains tax.