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Railway Season Tickets

Volume 934: debated on Thursday 30 June 1977

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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
Tax19741977
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.