Premium Bonds: Tax Allowances
(asked on 6th February 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, how many people received income tax exemption of premium bond prizes in (a) 2013-14 and (b) 2014-15.
This question was answered on 13th February 2017
HM Revenue and Customs publishes the estimated cost of the income tax exemption of Premium Bond prizes here: https://www.gov.uk/government/statistics/main-tax-expenditures-and-structural-reliefs.
In 2013-14 and 2014-15 the cost of this exemption was estimated to be £130 million in each year.
For this relief, estimates of the number of individuals benefitting are not held. The estimated costs are based on aggregate figures or assumptions.