HC Deb 25 January 1972 vol 829 cc363-4W
Mr. Meacher

asked the Chancellor of the Exchequer what proportion of per- sonal incomes is estimated to be taken in the present quarter by tax and insurance contributions; and what were the equivalent percentages in each quarter in the last three years.

Mr. Higgins

Following is the reply:

TAXES ON INCOME AND NATIONAL INSURANCE, ETC CONTRIBUTIONS AS A PERCENTAGE OF PERSONAL INCOME
Taxes on income National insurance etc. contributions Total
1969
1st quarter 13.1 5.8 18.9
2nd quarter 13.3 5.8 19.1
3rd quarter 13.6 5.7 19.3
4th quarter 13.8 5.9 19.7
1970
1st quarter 13.8 6.2 20.1
2nd quarter 14.2 6.2 20.5
3rd quarter 14.0 6.3 20.3
4th quarter 14.1 6.2 20.2
1971
1st quarter 14.4 5.7 20.1
2nd quarter 14.1 6.2 20.3
3rd quarter 13.9 6.0 19.9

The figures are based on the definitions of personal income, tax and contributions used in the National Accounts and are seasonally adjusted.

Estimates for the fourth quarter of 1971 and the first quarter of 1972 are not yet available.