Income Tax

(asked on 21st October 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government how much revenue would be raised by increasing the income tax rate applicable to Schedule A income by 1.25 per cent.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 4th November 2021

As a result of the Tax Law Rewrite, taxation of Schedule A income for individuals was repealed in 2005, and for companies in 2009. As a result, it would only be possible to estimate the revenue raised through an increase to the tax rate of Schedule A at a disproportionate cost.

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