§ Mr. LilleyTo ask the Chancellor of the Exchequer if he will estimate how much the income tax take will be(a) as a percentage of gross domestic product and (b) in cash terms in each year from 1997–98 to 2002–03 on current taxation plans; and how much of this is attributable to the abolition of dividend tax credits. [29194]
§ Dawn Primarolo[holding answer 12 February 1998]: Projections for income tax as a percentage of GDP were published in Table B3 of the November 1997 Pre-Budget Report. Figures for income tax in cash terms for the years 1997–98 and 1998–99 were published in Table S2.4 of the Supplementary Document to the November 1997 Pre-Budget Report. Projections of money GDP were published in Table B2 of the November 1997 Pre-Budget Report. Figures for the effects of the abolition of dividend tax credits on income tax receipts were published in Table 2.2. line 5. of the July 1997 FSBR.
§ Mr. LilleyTo ask the Chancellor of the Exchequer what would be the loss in revenue resulting from an increase in the single person's income tax allowance of(a) £50, (b) £100, (c) £150, (d) £200, (e) £250 and (f) £300; and how many people would be taken out of tax in each case. [29184]
476W
§ Dawn Primarolo[holding answer 12 February 1998]: Estimated full year costs at 1998–99 income levels are given in the table.
Increase in non-aged and aged personal tax allowances £ Full year cost at1998–99 incomelevels £ million Number oftaxpayers takenout of income tax000 50 310 100 100 620 180 150 920 280 200 1,230 410 250 1,540 530 300 1,840 630