§ Mr. KirkwoodTo ask the Chancellor of the Exchequer if he will update, to take account of the 1991 Budget, the information on tax changes contained in the answer to the hon. Member for Oldham, West (Mr. Meacher), of 21 October 1986,Official Report, columns 812–14.
§ Mr. MaudeLatest estimates of the annual change in income tax liability resulting from the changes in tax rates, allowance, and thresholds are in the table. The 1978–79 income tax regime has been indexed to 1991–92 levels by reference to the statutory formula, and allowing for independent taxation.
For the purposes of these calculations the indexed regime of 1978–79 has been applied directly to the income base of 1991–92. In practice, retention of the 1978–79 regime, indexed as appropriate, for the intervening years would have led to changes in the income base.
555W
Reductions in income tax in 1991–92 compared with 1978–79 indexed regime Range of individual's income in 1991–92, £ Number of individuals liable under the indexed regime in 1991–92 (million) Total reduction in tax compared with indexed regime, £ million Average reduction per individual at 1991–92 income levels, £ per annum Under 5,000 3.7 480 130 5,000–10,000 8.4 2,900 350 10,000–15,000 7.1 4,600 650 15,000–20,000 4.1 3,800 950 20,000–30,000 2.9 4,200 1,400 30,000–50,000 1.2 3,300 2,800 Over 50,000 0.4 9,500 21,900 Total 27.8 28,700 1,000
§ Mr. KirkwoodTo ask the Chancellor of the Exchequer if he will update to 1991–92 the information on real net earnings provided in the answer to the hon. Member for Birkenhead (Mr. Field) of 10 April 1986,Official Report, columns 193–94.
§ Mr. MaudeThe information is given in the tables.
Income Tax and Income Tax and NIC1 as percentages of gross earnings Multiples of average earnings2 2/3 1 2 5 10 Single people 1956–57 Tax 10.4 16.6 24.8 40.5 55.2 Tax and NIC 14.0 18.9 26.0 41.0 55.4 1978–79 Tax 21.0 25.0 29.5 50.5 66.6 Tax and NIC 27.5 31.5 33.7 52.2 67.5 1991–923 Tax 17.9 20.3 26.0 34.4 37.2 Tax and NIC 25.3 28.2 30.7 36.3 38.1 Married men 1956–57 Tax 5.1 11.2 22.0 38.9 54.2 Tax and NIC 8.6 13.5 23.1 39.4 54.4 1978–79 Tax 15.4 21.3 27.2 48.8 65.7 Tax and NIC 21.9 27.8 31.4 50.5 66.5 1991–923 Tax 14.2 17.8 24.0 33.6 36.8 Tax and NIC 21.5 25.7 28.7 35.5 37.7
Changes in real net earnings after Income Tax and NIC (1956–57 = 100) Multiples of average earnings 2/3 1 2 5 10 Single people 1978–79 124.9 125.3 132.8 120.1 108.3 1991–923 176.1 179.5 189.8 218.8 281.4 Married men 1978–79 126.8 123.9 132.4 121.1 109.0 1991–923 174.1 174.2 188.1 215.7 277.0 1 At the contracted-in rate 2 Full time adult males (all occupations) 3 Provisional