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Income Tax

Volume 175: debated on Thursday 28 June 1990

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To ask the Chancellor of the Exchequer what was the revenue from (a) the higher rate of income tax and (b) the top 10 per cent. of income tax payers in 1986–87 and the latest year for which figures are available; and what is the projection for the current financial year.

The information is as follows:

Income tax liability at rates in excess of basic rate1£ billionTotal income tax liability of top 10 per cent. of income tax-payers £ billion
1 The figures are the additional tax liability resulting from the difference between each higher rate and the basic rate of tax.
2Estimates are based on a projection of the 1987–88 Survey of Personal Incomes and, are therefore, provisional.
3 Counting a husband and wife as one income tax payer.
4 Counting a husband and wife as separate income tax payers.