HC Deb 09 April 1957 vol 568 cc1004-6

9. Income tax (charge and rates for 1957–58)

Motion made, and Question, That income tax for the year 1957–58 shall be charged at the standard rate of eight shillings and sixpence in the pound, and, in the case of an individual whose total income exceeds two thousand pounds, at such higher rates in respect of the excess as Parliament may hereafter determine. And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913.—[Mr. P. Thorneycroft.]

put and agreed to.

10. Income tax (surtax rates for 1956–57)

Motion made, and Question, That income tax for the year 1956–57 shall be charged, in the case of an individual whose total income exceeded two thousand pounds, at the same higher rates in respect of the excess as were charged for the year 1955–56. And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act. 1913.—[Mr. P. Thorneycroft.]

put and agreed to.

11. Income tax (personal reliefs)

Motion made and Question,

That—

(a) in subsection (1) (earned income relief) of section two hundred and eleven of the Income Tax Act, 1952, as amended, for the reference to tax at the standard rate on two-ninths of the claimant's earned income or on £450, whichever is the less, there shall be substituted a reference to tax at the standard rate on—

  1. (i) two-ninths of the amount (up to a maximum of £4,005) of the claimant's earned income; plus
  2. (ii) one-ninth of the amount (up to a maximum of £5,940) of any excess of his earned income over £4,005;

(b) in subsections (2) and (3) (old age relief) of that section, for the references to £600 (which refer to the income limit for the full relief under subsection (2)) there shall be substituted references to £700;

(c) sections two hundred and twelve and two hundred and thirteen of that Act, as amended, shall have effect as if in sub-section (1) of section two hundred and twelve and in subsections (2) and (3) of section two hundred and thirteen the references to £100 were—

  1. (i) in relation to a child over the age of eleven but not over the age of sixteen 1005 at the commencement of the year of assessment, references to £125; and
  2. (ii) in relation to a child then over the age of sixteen, references to £150;

(d) an individual, if at any time within the year of assessment either he or his wife living with him is of the age of sixty-five years or upwards.—

  1. (i) shall be entitled to exemption from income tax, if his total income for that year does not exceed £250, or if he would be entitled to the higher (or married person's) relief under subsection (1) of section two hundred and ten of that Act and his total income for the year does not exceed £400; and
  2. (ii) shall be entitled, if he is not exempt under the foregoing provision by reason only of his total income for the year exceeding £250 or £400, as the case may be, and the excess is less than £50, to have the income tax payable in respect of his total income reduced, where necessary, to an amount equal to half that excess;
but this Resolution shall not require any change to be made in the amounts deducted or repaid under section one hundred and fifty-seven (pay as you earn) of the Income Tax Act. 1952, before the twenty-second day of June, nineteen hundred and fifty-seven.

And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act. 1913.—[Mr. P. Thorneycroft.]

put and agreed to.

12. Income tax (overseas trade corporations)

Motion made, and Question, That charges to income tax (including charges for past years of assessment) may be imposed by provisions the main purposes of which is to afford special treatment for companies operating overseas and companies with subsidiaries operating overseas.—[Mr. P. Thorneycroft.]

put and agreed to.

13. Income tax (persons chargeable under Schedule A)

Motion made, and Question, That further provision as to the persons chargeable with tax under Schedule A and the manner of assessing and charging tax may be made for cases where part of a house or building is let separately.—[Mr. P. Thorneycroft.]

put and agreed to.

14. Income tax (valuations for Schedules A and B in Scotland and Northern Ireland)

Motion made, and Question, That it is expedient to authorise such increased charges to tax as may, in particular cases, arise from amendments of the law relating to the valuation of property in Scotland or Northern Ireland for purposes of income tax under Schedule A or Schedule B. being—

  1. (a) as regards Scotland, amendments designed to give relief from tax by reference to owner's rates payable in the year 1956–57, and accordingly to value properties wholly or partly on the principles temporarily adopted for rating valuations under the Valuation and Rating (Scotland) Act, 1956; and
  2. (b) as regards Northern Ireland, amendments designed to base assessments generally on the rating valuation for that year (with or without alterations for particular cases), instead of on the general revaluation for rating which came into force on 1st April last.—[Mr. P. Thorneycroft.]

put and agreed to.

15. Income tax (payments from House of Commons Members' Fund

Motion made, and Question, That periodical payments granted out of the House of Commons Members' Fund (including periodical payments granted out of sums appropriated from that Fund or out of the income from those sums) shall be charged to income tax under Schedule E and shall be deemed for all the purposes of the Income Tax Acts to be emoluments assessable under that Schedule. And it is hereby declared that it is expedient in the public interest that this Resolution should have statutory effect under the provisions of the Provisional Collection of Taxes Act, 1913.—[Mr. P. Thorneycroft.]

put and agreed to.

16. Income tax (allowances for machinery)

Motion made, and Question, That provision (including retrospective provision as respects past years of assessment) may be made so that, where a person incurs capital expenditure on the provision of machinery or plant without the machinery or plant belonging to him, then for the purposes of Chapter II of Part X of the Income Tax Act, 1952, as amended, that expenditure and in certain cases expenditure incurred by other persons on the machinery or plant shall be wholly or partly left out of account or allowances under that Chapter in respect of any such expenditure may be withheld or withdrawn.—[Mr. P. Thorneycroft.]

put and agreed to.

Forward to