HC Deb 30 July 1976 vol 916 c464W
Mr. Ralph Howell

asked the Chancellor of the Exchequer if he will publish a table showing marginal tax rates for a single person, a married couple and a married couple with each of one, two, three and four children, earning 50 per cent., 100 per cent., 200 per cent. and 300 per cent. of average earnings, in 1950, 1960, 1970, 1973 and 1976.

Mr. Robert Sheldon

The figures are are follows:

Revenue on the correct treatment of such profits for tax purposes. Inspectors of taxes were reminded some time ago that where transactions involving the purchase and sale of commodities amount to "an adventure in the nature of trade" the profits are assessable under Case I of Schedule D.