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Income Tax

Volume 210: debated on Tuesday 30 June 1992

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To ask the Chancellor of the Exchequer if he will expand the figures in his answer to the hon. Member for Roxburgh and Berwickshire (Mr. Kirkwood) of 22 June, Official Report, col 4, for those with incomes (a) £50,000 to £70,000 per year, (b) £70,000 to £80,000 per year and (c) over £80,000 per year.

The additional information is as follows:

Average reduction in income tax per individual1 in 1992–93 compared with the 1978–79 regime
Range of individuals income in 1992–93Total reductionAverage Reduction
££ million£ per annum
Over £80,0007,20046,000
1 Individuals liable to income tax under the 1978–79 indexed regime.