Tax Yields

(asked on 21st November 2022) - View Source

Question to the HM Treasury:

To ask His Majesty's Government, relative to the caseload in financial year 2022–23, what estimate they have made of the additional tax revenue that will be raised from individuals who are both in employment and receiving benefits as a result of freezing the personal tax allowance in the financial years (1) 2023–24, (2) 2024–25, (3) 2025–26, (4) 2026–27, and (5) 2027–8.


Answered by
Baroness Penn Portrait
Baroness Penn
Minister on Leave (Parliamentary Under Secretary of State)
This question was answered on 30th November 2022

An estimate of the revenue raised from individuals who are both in employment and receiving benefits could only be answered at disproportionate cost.

The estimated Exchequer impacts of changes to tax thresholds are set out in respective Policy Costing documents. Impacts of Autumn Statement 2022 policies can be found in the Autumn Statement 2022 Policy Costing document.

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