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Income Tax Allowances

Volume 892: debated on Thursday 22 May 1975

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asked the Chancellor of the Exchequer what is his estimate of the increase in tax that would be payable if all personal allowances, single, married and married woman's earned income allowance, were reduced by £20.

, pursuant to his reply [Official Report, 21st May 1975; Vol. 892, c. 427], gave the following information:About £165 million assuming the allowances and rates of tax proposed for 1975–76.