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Income Tax

Volume 931: debated on Tuesday 10 May 1977

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asked the Chancellor of the Exchequer what was the proportion of total income tax and surtax raised from the following groups of income recipients in each year since 1971–72: (a) top 1 per cent., (b) top 10 per cent., (c) top 40 per cent., (d) bottom 30 per cent. and (e) bottom 10 per cent.

The proportion of total income tax and surtax raised from the groups of income recipients is as follows:1977–78, before the Budget changes take effect and after they do so.

, pursuant to his reply [Official Report, 6th May 1977], gave the following information:The estimated numbers are:

YearMillion
1976–771·4
1977–78 before Budget changes1·8
1977–78 after Budget changes1·0
A married couple are counted as one taxpayer.