asked the Minister for Finance the cost in 1986-87 of increasing the personal allowance by: (i) £200 (single) and £400 (married); and (ii) £500 (single) and £1,000 (married).
Written Answers. - Income Tax Allowances.
49.
Assuming the enactment of this year's budget proposals the full year costs, estimated by reference to the income tax year 1986-87, of the changes referred to in the question are as follows:
Full year cost to the Exchequer
|
£million |
|
|
(i) |
100.9 |
|
(ii) |
250.1 |
50.
asked the Minister for Finance the additional revenue in 1986-87 of reducing the personal allowance by: (i) £500 single and £1,000 married; and (ii) £1,000 single and £2,000 married.
Assuming the enactment of this year's budget proposals the full year yields, estimated by reference to the income tax year 1986-87, arising from the changes referred to in the question are as follows:
Full year yield to the Exchequer
|
£million |
|
|
(i) |
251.2 |
|
(ii) |
493.8 |