Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential impact of the withdrawal of the Personal Allowance for individuals with incomes between £100,000 and £125,140 on incentives to increase earnings, take on additional responsibilities or work additional hours.

Withdrawal of the Personal Allowance affects those with income over £100,000 a year. This occurs gradually, with £1 of allowance lost for every £2 of income above the income limit of £100,000. This reduction continues until the Personal Allowance is completely withdrawn for those with incomes above £125,140.

The Government recognises that taxpayers earning between £100,000 and £125,140 face a higher marginal tax rate due to the tapering of the tax-free Personal Allowance.