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Income Tax

Volume 415: debated on Thursday 8 November 1945

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asked Mr. Chancellor of the Exchequer what is the increased tax liability in the case of a married man of moderate means with a family, say five children, under his Budget proposals.

:The proposed changes in the Income Tax for the year 1946/47 substantially reduce the tax payable by all taxpayers. A married man with five children with an earned income of £500 a year at present pays £19 10s. 0d. tax; next year he will pay £3, a reduction of £16 10s. 0d.