HC Deb 20 April 1970 vol 800 cc171-2

Motion made, and Question,

That

  1. (a)income tax for the year 1969–70 shall be charged, in the case of an individual whose total income exceeded £2,500, at a rate, for every £1 of each part specified in the Table below of the excess of that income over £2,000, equal to the standard rate for that year plus the additional rate so specified for that part;
  2. (b)an individual whose total income did not exceed £2,681 shall be entitled to have the surtax chargeable by virtue of paragraph (a) above reduced to an amount equal to 40 per cent. of the difference between his total income and £2,500;
  3. (c)section 2(1) of the Income Tax Act 1952 (effect of charging at a standard rate 172 and at higher rates) shall have effect subject to any modifications necessary by reason of paragraph (a) above.

TABLE
Additional rate Per cent.
Part of excess
The first £50 10
The next £500 12.5
The next £1,000 17.5
The next £1,000 22.5
The next £1,000 27.5
The next £2,000 32.5
The next £2,000 37.5
The next £2,000 42.5
The next £3,000 47.5
The remainder 50

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 1968.—[Mr. Roy Jenkins]

put forthwith pursuant to Standing Order No. 90(2) (Ways and Means motions), and agreed to