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Taxation

Volume 113: debated on Monday 30 March 1987

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asked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing his estimate of the amount payable this year to overseas residents by way of rent, interest and dividends, respectively, together with the amount liable to tax at the standard rate.

The balance of payments accounts indicate interest and dividends paid to overseas residents in 1986, net of United Kingdom taxes, totalled £39·8 billion. Of this total, £2·8 billion is estimated to have been by way of dividends and the remaining £37 billion in the form of interest. Estimates for 1987 are not available. Separate figures for rent are not available.Under the imputation system of corporation tax, the shareholders' liability to basic rate income tax on dividends paid by United Kingdom companies is regarded as met by the advance corporation tax payable by the company in respect of the distributions made by it. The amount of interest paid to non-residents and liable to basic rate tax is not known.

Break-even points as a percentage of average male manual earnings1
Single personOne earner married coupleTwo earner married couple
Without children2With one child3With two children4With three children5With four children
1957–5829·449·168·6108·5149·7190·276·6
1958–5928·948·367·5106·6146·9186·675·2
1959–6027·445·763·9103·5142·2181·171·2
1960–6125·542·659·696·5132·6168·966·4
1961–6225·441·657·792·6126·9161·264·2
1962–6324·640·355·889·6122·7155·962·1
1963–6432·750·567·597·1127·7161·880·1
1964–6530·346·762·489·8118·1149·674·1
1965–6627·842·957·482·9109·0138·170·7
1966–6726·841·455·480·0105·2133·368·2
1967–6825·539·352·676·099·9128·464·8
1968–6923·736·548·972·896·1118·560·2
1969–7025·437·348·868·089·1109·862·7
1970–7128·741·051·164·480·698·969·7
1971–7225·837·049·365·083·4103·862·8
1972–7332·141·852·766·482·6100·573·9
1973–7428·036·545·957·671·687·064·5
1974–7524·433·743·154·167·080·958·1
1975–7621·430·337·948·460·172·751·6
1976–7720·630·538·949·961·974·851·1
1977–7824·437·646·656·968·180·162·0
1978–7922·034·348·561·073·085·856·4
1979–8022·234·550·163·376·589·656·7
1980–8122·735·447·659·872·084·258·1
1981–8220·632·144·957·670·483·252·6
1982–8321·834·147·360·573·786·955·9
1983–8423·136·149·863·477·190·759·2
1984–8524·137·951·865·679·493·262·1
1985–8624·838·952·365·879·392·763·7
6 1986–8724·438·251·564·878·091·362·7
6 1987–8823·837·351·064·778·592·26·11
1 Financial year average earnings of full time males aged over 21 working a full week.
2 One child aged under 11.
3 Two children aged under 11,
4 Two children aged under 11, one aged 11–15.
5 Two children aged under 11, one aged 11–15, one aged 16.
6 Provisional