HC Deb 23 January 2001 vol 361 c572W
Mr. Matthew Taylor

To 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 Primarolo

Estimates 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

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