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Taxation

Volume 168: debated on Wednesday 28 February 1990

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To ask the Chancellor of the Exchequer what is the average individual cumulative gain (a) in current prices, (b) in 1988–89 prices and (c) in 1990–91 prices to those earning £5,000, £10,000, £15,000, £20,000, £25,000, £30,000, £40,000, £50,000, £60,000 and £70,000 as a result of changes in taxation and national insurance since 1979.

[pursuant to his answer of 20 February 1990, Official Report, column 680]: I regret that one of the two tables relating to my answer was omitted. This is as follows:The total of moneys paid by my Department to the accountancy firms mentioned could be provided only at disproportionate cost.

To ask the Secretary of State for Trade and Industry if he will seek to legislate to ensure that the accountancy firms who act as auditors should derive more than 50 per cent. of their income from audits.