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Taxation

Volume 205: debated on Thursday 12 March 1992

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21.

To ask the Chancellor of the Exchequer what representations he has received about his proposals for income tax.

The reductions in income tax I announced in the Budget on Tuesday have been widely welcomed.

26.

To ask the Chancellor of the Exchequer what was the overall tax burden for a married couple, both working on 100 per cent. of male average earnings in 1978–79; and what it was in 1990–91.

Over this period, the couple's real take-home pay would have risen by 31 per cent. Their overall tax burden is estimated to have risen from 3612; to 3812 per cent.

28.

To ask the Chancellor of the Exchequer what representations he has received on the basic rate of income tax.

I have received a large number of representations on the basic rate of income tax reflecting a variety of views.

29.

To ask the Chancellor of the Exchequer how many wage earners would benefit from a 1p cut in income tax.

Following the introduction of a 20p lower rate of tax which will now be the marginal rate of tax for almost 4 million individuals, a 1p cut in the basic rate of income tax would benefit about 21 million individuals in 1992–93.

To ask the Chancellor of the Exchequer what is his estimate of the change in revenue to the Exchequer from taxation over the remainder of the current financial year as a result of the proposals announced in his Budget.

The Budget measures will have a negligible effect on receipts in 1991–92.