asked the Chancellor of the Exchequer how much of the revenue forgone as a result of income tax changes announced in the Budget will benefit (a) taxpayers who were paying above the standard rate of tax before the Budget, (b) taxpayers who were paying the standard rate before the Budget and (c) taxpayers who were paying at the 25 per cent. rate before the Budget; and how many taxpayers were in each of these categories before the Budget.
[pursuant to his reply, 14 April 1980]: The estimated allocation at 1980–81 income levels of the Budget cost of the main changes in allowances, together with the approximate number of taxpaying units—counting a married couple as one unit—is as follows:
asked the Chancellor of the Exchequer what percentage of those previously paying tax at the 25 per cent, rate will now be paying no tax; and what percentage will be paying at the 30 per cent. rate as a result of the changes announced in the Budget.
[pursuant to his reply, 14 April 1980]: Of the 3½ million taxpayers—counting earning wives separately—who would have been liable in 1980–81 at the lower rate or 1979–80 rates and allowances, about 35 per cent. will not be liable to tax under the Budget proposals and about 65 per cent. will be liable at the basic rate.