HC Deb 27 July 1914 vol 65 c942W

asked the Secretary to the Treasury what is the approximate number of people who escaped payment of Super-tax for the years 1909–10 and 1910–11 by reason of an allowance for life insurance premiums exempting them from liability, and the approximate amount of Super-tax which would have been payable in each of these years but for such an allowance?


The figures are as follows:—

Year. Approximate number of persons whose total incomes were for Super Tax purposes brought below £5,000 by the allowance for life-assurance premiums. Approximate amount of Super Tax at 6d in the which would have pound been payable.
(a) if the deduction for life-assurance premiums were entirely inadmissible. (b) if the deduction for life-assurance premiums were allowed in computing the amount 0 f duty, but inadmissible in arriving at the amount of the total income.
£ £
1909–10 150 8,700 6,600
1910–11 200 11,300 8,700

The above figures are based upon a 10 per cent. sample investigation of the Returns for each of the years 1909–10 and 1910–11.