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Taxable Benefits

Volume 114: debated on Monday 6 April 1987

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asked the Chancellor of the Exchequer what is his estimate for 1987–88 of the taxable value of benefits subject to (i) special and (ii) general rules, together with the estimated revenue therefrom.

[pursuant to his reply, 25 March 1987, c. 215]: Available information, based on projections from 1983–84, the latest year for which detailed data are available, is as follows:

1987–88,
Benefit provided by employerTaxable valueTax yield
Cars and free fuel for private use1,300460
Private medical insurance13050
Other expense payments and benefits320120
Total1,750630