§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer what estimate he has made of the revenue yield of reducing the exemption of the first £30,000 of payments on the termination of employment to(a) £15,000, (b) £10,000 and (c) nil. [146256]
§ Dawn PrimaroloEstimates of the income tax yield in a full-year from reducing the exemption on the first £30,000 of payments on the termination of employment are shown in the table. These estimates do not allow for possible behavioural effects.
Reducing exemption to: Tax yield (£ million) £15,000 350 £10,000 500 Nil 1,100