Wife's Earned Income Relief

HC Deb 19 May 1976 vol 911 c566W

Mr. Pardoe

asked the Chancellor of the Exchequer if he will estimate for the current tax year and for 1975–76 the revenue forgone by wife's earned income relief, and the percentage of this which is at higher rates of tax.

Mr. Robert Sheldon

The estimate for the current year is about £1,300 million and for 1975–76 about £1,080 million. In each year about 3 per cent. of the total cost represents relief in excess of relief at the basic rate of tax.