§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer, pursuant to his oral statement of 7 March 2001,Official Report, columns 295–308, if he will estimate the revenue from a 1p increase in the basic rate of income tax (a) in the first year and (b) in the three subsequent years. [153716]
§ Dawn PrimaroloI refer the hon. Member to the Tax Ready Reckoner and Tax Reliefs which was published in November 2000, a copy of which is held in the Library of the House.
§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer if he will estimate the revenue yield of abolishing taper relief for the five financial years from 2001–02 and reintroducing indexation and retirement relief. [153714]
§ Dawn PrimaroloConsistent with the assumptions of the March 2001 Budget forecast, the net revenue yield from reintroducing indexation and abolishing taper is estimated to be £450 million for the first year, or £400 million if retirement relief were reinstated also, most of which would be received in the following year. Further information in the form requested on the yield for subsequent years can be provided only at disproportionate cost.
§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer if he will estimate the revenue yield in(a) the first year and (b) the subsequent three years from a tax of 50 per cent. on (i) gross and (ii) net incomes exceeding £100,000 a year. [153712]
§ Dawn PrimaroloI refer the hon. Member to the answer I gave o the hon. Member for Northavon (Mr. Webb) on 13 February 2001,Official Report, column 104W.
687W
§ Mr. Matthew TaylorTo ask the Chancellor of the Exchequer what estimate he has made of the revenue yield of abolishing taper relief and reintroducing indexation and retirement relief. [154021]
§ Dawn PrimaroloI refer the hon. Member to the answer I gave him on 14 March 2001,Official Report, column 653W.