§ 68. Mr. Hubbard-Milesasked the Chancellor of the Exchequer what proportion of applications for personal equity plans so far received have come from taxpayers paying tax at basic rate only.
§ Mr. Norman LamontFull information is not available because subscribers to a personal equity plan will obtain tax relief automatically without having to give details of
(a) (b) (c) (d) Total benefits paid to unemployed people1 (£ million cash) Total Redundancy payments from the Redundancy Fund (£ million cash) (a) plus (b) as a proportion of Gross Domestic Product (percentage) Revenue from North Sea Tax2 (£ million cash) 1981–82 4,020 422 1.7 6,491 1982–83 5,010 382 1.9 7,814 1983–84 5,720 379 2.0 8,782 1984–85 6,330 289 2.0 12,002 1985–86 6,960 296 2.0 11,400 1986–87 7,420 205 2.0 4,800 1987–88 7,350 71 1.8 3,900 1 Includes rate rebates. 2 Royalties, petroleum revenue tax (including advance payments), and corporation tax from North sea oil and gas production (before advance corporation tax set off).