Hansard

Income Tax

Volume 939: debated on Monday 21 November 1977

Download text
Back to top Previous debate Next debate
The text on this page has been created from Hansard archive content, it may contain typographical errors.
Mr. Michael Spicer

asked the Chancellor of the Exchequer what would be the loss in revenue in the financial year 1978–79 resulting from introducing the following income tax scales: 20 per cent. on nil to £5,000, 25 per cent. on £5,000 to £10,000, 30 per cent. on £10,000 to £15,000, 35 per cent. on £15,000 to £20,000. 40 per cent. of £20,000 to £25,000, 45 per cent. on £25,000 to £30,000 and 50 per cent. on over £30,000.

Mr. Michael Spicer

asked the Chancellor of the Exchequer what would be the loss in revenue in the financial year 1978–79 resulting from introducing the following income tax scales: 25 per cent. on nil to £5,000, 30 per cent. on £5,000 to £10,000, 35 per cent. on £10,000 to £15,000, 40 per cent. on £15,000 to £20,000, 45 per cent. on £20,000 to £25,000, and 50 per cent. on over £25,000.