Skip to main content

Railway Season Tickets

Volume 934: debated on Thursday 30 June 1977

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer whether an employee of a nationalised industry or person otherwise engaged in public service employment is chargeable to tax as a benefit on the provision by the employer of season railway ticket or its equivalent when the employee is earning less than £5,000 a year and also when the employee is earning more than £5,000 a year.

Where an employer provides an employee earning £5,000 or more a year with a season ticket, the employee is chargeable to income tax by reference to the amount

Rate(s) in force on 1st May
inland Revenue*
Income Tax33–83%35–83%†
—investment income surcharge10–15%10–15%
Corporation Tax‡42–52%42–52%
—cooperative societies and building societies40%40%
Capital Gains Tax16½–30%17½–30%‡
Development Gains Charge33–83%
Estate Duty0–75%
Capital Transfer Tax0–75%§0–75%
Petroleum Revenue Tax45%
Development Land Tax66⅔80%
Stamp Duty0–2%0–2%
Customs and Excise
Value Added Tax:
Standard rate10%8%
Higher rate12½%
Car Tax (of wholesale value)10%10%
Duties on Alcoholic Drink:
Whisky (per bottle: ⅙ gallon 70· proof)£1·9845£3·1605
Beer (per pint of average strength)4p7·5p
Wine (per bottle of ⅙ gallon):
(a) EEC table wine (not exceeding 15 per cent.)24p55p
(b) Spanish sherry (18–20 per cent.)40p79·5p
British Wine (per bottle of ⅙ gallon):
(a) Light (not exceeding 15 per cent.)22p
(b) Heavy (15–18 per cent.)26p
Made-Wine (per bottle of ⅙ gallon):
(a) Light (not exceeding 15 per cent.)53p
(b) Heavy (15–18 percent.)57·9p
Cider and Perry (per pint)3p
Hydrocarbon Oil Duties (per gallon):
(a) Road fuel22·5p35p
(b) Rebatable oillp2·5p||
Tobacco Duties:
Variable according to product, e.g. 20 standard tipped cigarettes19–5p35·5p
Betting and Gaming Duties:
(a) Pool Betting Duty (percentage of stake)40 %40 %
(b)General Betting Duty (percentage of stake)4% on course4% on course
7½ % off course7½ % off course
(c) Gaming machine licence duty (per machine)£12· 50–£300£7 · 50–£200
(d) Bingo Duty (percentage of stake)2½%5%
Matches (per 7,200)49p49p
Mechanical Lighters (each)20p20p
Protective Duties¶VariousVarious
EEC Agricultural Levies¶VariousVarious

which it has cost the employer to provide it. Where he earns less than £5,000 a year, there is no charge to tax. This applies whatever the nature of the employment.