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Mr. Lawson
asked the Chancellor of the Exchequer if he will update his Written Answer to the hon. Member for Norfolk, South (Mr. MacGregor) concerning income tax yields, Official Report, 26th January, columns 779–80, so as to include complete figures for 1977–78 and best estimates for 1978–79.
Mr. Robert Sheldon
I regret that in the time available it has not been possible to provide the information requested. I will write to the hon. Member.
Mr. Lawson
asked the Chancellor of the Exchequer if he will republish the table contained in the Written Answer to the hon. Member for Blaby concerning income tax yields, Official Report, 15th February, columns 275–6, with the addi- tion of comparable figures for 1977–78 and best estimates for 1978–79.
ESTIMATED INCOME TAX DUE IN THE YEAR | |||||
£ million | |||||
On the allowances and rates of the year | If yield had risen in line with prices since 1973–74 | If allowances and thresholds had risen in line with prices since 1973–74, with1973–74 tax rates | On the allowances and thresholds of the year, but with 1973–74 tax | ||
(1) | (2) | (3) | (4) | ||
1973–74 | … | 8,100 | — | — | — |
1974–75 | … | 11,600 | 9,500 | 10,000 | 10,500 |
1975–76 | … | 15,700 | 11,900 | 11,700 | 13,500 |
1976–77 | … | 17,800 | 13,700 | 13,000 | 15,400 |
1977–78 | … | 18,000 | 15,600 | 14,300 | 15,900 |
1978–79 | … | 19,400 | 16,900 | 16,900 | 18,900 |