HC Deb 25 October 1973 vol 861 cc565-6W
Mr. Leadbitter

asked the Chancellor of the Exchequer if he is aware of a cash crisis in British farming and what proposals he has to deal with it; and if he will examine the advantages of adopting a system of average profits for income tax purposes over a number of years as and assuming no tax changes in this last year.

Mr. Nott

Assuming that both children are under 11, that the man is contracted out of the graduated pension scheme, and that national insurance contributions in 1974–75 are paid at the rates in force from October 1974, the figures are:

Income Net total income after Tax and National Insurance contributions
£ £p
1972–73 6,000 4,326.90
1973–74 6,250 4,585.39
1974–75 6,600 4,786.12

Net total income after tax, etc. includes family allowance.

Mr. Adam Butler

asked the Chancellor of the Exchequer what would be the calculated take-home pay of the following: married men with two children of school age assuming only deduction of income tax and national insurance contributions, and assuming no other income, in the years 1969–70, 1970–71, 1971–72, 1972–73, 1973–74, namely, a man on average earnings, a man on £2,000 per annum, a man on £5,000 per annum and a man on £8,000 per annum.

Mr. Nott

Assuming that both children are under 11 the figures are:

advocated by the National Farmers' Farmers (Taxation) Union.

Mr. Higgins

I will write to the hon. Member.