§ Mr. Nicholas BrownTo ask the Chancellor of the Exchequer if he will estimate for 1991–92 the number of basic rate and higher rate taxpayers with earned incomes above the national insurance contribution upper earnings limit, giving figures separately for(a) husbands, (b) wives, (c) single men and (d) single women and distinguishing between pensioners and non-pensioners.
§ Mr. MaudeThe latest estimates in respect of 1991–92 are given in the table on two bases depending on the scope of earned income. The first basis compares the annual equivalent of the NIC upper earnings limit—UEL—with the total of earnings from employment and self-employment for those subject to NIC. The second basis compares the UEL with total earned income, including pensions and taxable benefits in kind, for all individuals.
§ Mr. MaudeSince mortgage interest is not to be deductible at the higher rate for 1991–92 it is appropriate to analyse higher rate taxpayers by range of income after deducting allowances and reliefs excluding mortgage interest.
The latest estimates are as follows:
7W
Total income for income tax purposes £ per year Number of higher rate taxpayers in 1991–92 Thousands 23,700–27,700 10 27,700–30,000 110 30,000–35,000 480 35,000–40,000 320 40,000–45,000 210 45,000–50,000 130 50,000–55,000 90 55,000–60,000 60 Over 60,000 290 TOTAL 1,700
Total income less allowances and reliefs1 £ per year Number of higher rate taxpayers in 1991–92 Thousands 23,700–27,700 470 27,700–30,000 190 30,000–35,000 320 35,00(M0,OOO 190 40,000–45,000 120 45,000–50,000 80 50,000–55,000 60 55,000–60,000 50 Over 60,000 220 TOTAL 1,700 1 Excluding mortgage interest.
§ Mr. Nicholas BrownTo ask the Chancellor of the Exchequer if he will estimate the number of taxpayers in 1991–92 who have taxable incomes of less than £2,000, giving figures separately for single people, husbands and wives.
§ Mr. MaudeThe latest estimates of taxpayers with taxable incomes in 1991–92 of less than £2,000 are as follows:
Million Single people 1.9 Husbands 1.2 Wives 1.6 TOTAL 4.7 Taxable income is income subject to tax from all sources after deducting allowances and reliefs.