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Income Tax

Volume 939: debated on Friday 25 November 1977

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asked the Chancellor of the Exchequer what is the amount in personal tax concessions that would have to be made to reduce the number of people paying income tax to the number in February 1974.

The estimated number of taxpayers is as follows:

Numbers ('000)
Wives with earnings3,6204,420
Total: single and wives with earnings11,26012,75
To reduce the total number of single persons and earning wives paying tax in 1977–78 to the same number as in 1973–74 would require an estimated increase in the personal allowance for single persons and earning wives of about £245.