§ Mr. Austin Mitchellasked the Chancellor of the Exchequer how much revenue is raised through income tax on the difference between the relevant personal allowance and (a) £4,500 for a married person and (b) £2,250 for a single person.
§ Mr. Moore[pursuant to his reply, 22 July 1985]: I regret that it has not been possible to provide an answer before the summer recess. Therefore, I shall write to the hon. Member and place a copy of the letter in the Library.
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§ Mr. Austin Mitchellasked the Chancellor of the Exchequer (1) how much revenue is lost by (a) wife's earnings election and (b) wife's earnings allowance;
(2) whether he will publish in the Official Report a table showing the estimated cost of wife's earnings allowance by tax unit income bands in the current financial year.
§ Mr. Moore[pursuant to his replies, 22 July 1985]: The information is as follows:
- (a) The cost of the wife's earnings election is estimated to be £200 million in a full year at 1985–86 levels of income.
- (b) The following table shows the latest estimates of the cost of the wife's earned income allowance in a full year at 1985–86 levels of income and allowances.
Range of joint taxable income (1985–86) (lower limit) Cost of wife's earned income allowance £ £ million 0 0 2,000 0 3,000 5 4,000 30 5,000 80 6,000 120 7,000 130 8,000 170 9,000 210 10,000 540 12,000 760 15,000 720 20,000 450 30,000 85 Total 3,300