Tax Bands (Hansard, 17 May 1995)

HC Deb 17 May 1995 vol 260 c238W 238W

§ Mr. Frank Field
To ask the Chancellor of the Exchequer if he will publish estimates for the revenue cost in 1995–96, 1996–97 and for a full year of extending the 20 per cent, tax band by(a) £1,000, (b) £2,500, (c) £5,000, (d) £7,500, (e) £10,000, (f) £12,500, (g) £15,000, (h) £17,500 and (i) £20,000. [23352]

§ Sir George Young
[holding answer 9 May 1995]Available estimates are as follows:

Increasing the lower rate band by: £ Full year revenue cost at 1995–96 levels¹ £ billion

1,000 1.0

2,500 2.3

5,000 4.2

7,500 5.6

10,000 6.8

12,500 7.6

15,000 8.3

17,500 8.7

20,000 9.1

¹ The figures include consequential effects on the yield of capital gains tax.

Increasing the lower rate band by: £	Full year revenue cost at 1995–96 levels¹ £ billion
1,000	1.0
2,500	2.3
5,000	4.2
7,500	5.6
10,000	6.8
12,500	7.6
15,000	8.3
17,500	8.7
20,000	9.1
¹ The figures include consequential effects on the yield of capital gains tax.