Personal tax and benefit changes
Findings from the Institute for Fiscal Studies' tax and benefit model of the UK had an important influence on the debate about abolishing the ten per cent income tax band.
The Institute for Fiscal Studies (IFS) had an important influence on the debate around the abolition of the ten per cent income tax band.
As part of the April 2008 inquiry by the Treasury Select Committee, the IFS used their tax and benefit model of the UK (TAXBEN) to provide a comprehensive analysis of the effects of the tax change - both in terms of tax distribution, potential numbers of household who could benefit, and public finance implications.
The committee highlighted the IFS' contribution in the report, citing the 'invaluable quantitative evidence and associated analysis'.