§ Mr. Arthur Lewisasked the Chancellor of the Exchequer whether he will publish in the Official Report the details supplied to the hon. Member for Newham, North-West on 11 th March 1975, showing the taxable worth of £11.50 per day on a tax free basis for a period of 126 days.
§ Mr. Robert SheldonYes. For a married man with only earned income and no other tax allowances, the grossed-up value at different income levels of £11.50 per day received free of tax for 126 days, assuming 1974–75 tax rates and allowances is as follows:
Annual salary Grossed-up value per day of £11.50 after tax £,000 £ 1 17.16 2 17.16 3 17.16 4 17.93 5 19.75 6 22.16 7 24.80 8 27.08 9 29.08 10 31.31 11 33.62 12 35.64 13 38.38 14 39.85 15 41.32 16 44.93 17 49.60 18 54.27 19 58.94 20 63.60 21 and up to 50 67.65