§ Mr. BercowTo ask the Chancellor of the Exchequer (1) if he will estimate the savings in a full year at 2001–02 rates of restricting all allowances and reliefs to the standard rate of tax broken down by category of allowance and relief; [26209]
(2) what extra revenue would result from allowing all tax allowances at the standard rate of tax only. [26235]
§ Dawn PrimaroloThe full year yield in 2001–02 from restricting the personal allowances (including the blind person's allowance) to 22 per cent. is estimated at £2.6 billion.
I regret that estimates for the effect of restricting all allowances and reliefs to the standard rate of tax broken down by category of allowance and relief could be provided only at disproportionate cost.