asked the Minister for Finance (a) the gross cost and (b) the net cost to the Revenue of increasing the exemption limits from income tax by £100 for single people and £200 for married couples (i) in 1986 and (ii) in a full year.
Written Answers. - Income Tax Exemption Limits.
44.
The only relevant information available as to cost is in relation to the direct cost to the Exchequer in income tax forgone if the changes referred to in the question were enacted for the income tax year 1986-87 in addition to the changes proposed in this year's Finance Bill. The cost to the Exchequer of increasing all single and widowed exemption limits by £100 and all married exemption limits by £200 is estimated at £2.3 million in 1986 and £3.8 million in a full year.