Income Tax

HC Deb 28 November 1991 vol 199 cc580-1W

14. Mr. Jessel

To ask the Chancellor of the Exchequer what percentage of net tax yield to the Government was drawn from income tax in 1970–71, 1980–81, and 1990–91, respectively.

Mr. Maude

31 per cent. in 1970–71, 29 per cent. in 1980–81 and 27 per cent. in 1990–91.

22. Mr. Paice

To ask the Chancellor of the Exchequer what is the current income tax yield from the top 5 per cent. of earners as a proportion of the total; and what was the equivalent figure in 1979.

Mr. Maude

It is estimated that in 1991–92 the top 5 per cent. of taxpayers will be liable to pay about 32 per cent. of the total yield of income tax. The corresponding figure for 1978–79 was 24 per cent.