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Taxation: Self-assessment

Volume 458: debated on Monday 19 March 2007

To ask the Chancellor of the Exchequer how many and what percentage of (a) pensioners and (b) taxpayers submitting tax returns do not have (i) capital gains tax liability, (ii) business income, (iii) property income, (iv) partnership income, (v) income from share schemes and (vi) foreign income; and if he will make a statement. (127267)

Figures for income tax self assessment returns for the 2004-05 tax year (the latest full year available) are provided in the following table.

Table: Self assessment tax returns received for the 2004-05 tax year, showing numbers and proportions without those supplementary pages which indicate the receipt of various kinds of income and gains.

(a) All individuals(b) Individuals in receipt of a state pension

Number

Proportion of total

Number

Proportion of total

All individuals

8,100,000

1,360,000

of which:

(i) without capital gains pages1

7,670,000

94.6

1,230,000

90.2

(ii) without self- employment pages (business income)2

4,990,000

61.6

1,120,000

82.4

(iii) without land and property pages3

6,570,000

81.1

1,090,000

80.2

(iv) without partnership pages

7,040,000

86.9

1,220,000

89.4

(v) without share schemes pages

8,080,000

99.7

1,360,000

100.0

(vi) without foreign pages

7,680,000

94.8

1 ,200,000

88.3

1 Besides the main capital gains pages, these figures take account of short tax returns submitted with supplementary capital gains pages.

2 Besides the main self employment pages, these figures take account of short tax returns with the self-employment income section completed.

3 Besides the main land and property pages, these figures take account of short tax returns submitted with the UK land and property income section completed.

Note:

Figures are rounded to the nearest 10,000. The figures in the table relate to returns received and captured onto HMRC computer systems as at March 2007.