§ Mr. Barry FieldTo ask the Chancellor of the Exchequer when the threshold on PI 1Ds was last increased; and what representations he has had to increase them.
§ Mr. DorrellThe earnings threshold above which employers must report employees' benefits and expenses payments to the Inland Revenue on form P11D was last increased, to £8,500, from 1979–;80. A number of representations have been received suggesting an increase in the P11D threshold.
§ Mr. Barry FieldTo ask the Chancellor of the Exchequer what are the estimated number of tax-payers above the current threshold for P11Ds and below the current threshold for the last available figures.
§ Mr. DorrellIt is estimated that in 1992–93 there are some 15.4 million tax-paying employees earning above the £8,500 P11D threshold. There are also 0.8 million tax-paying directors who are subject to the special provisions for taxation of benefits-in-kind whatever the level of their earnings. There are 3.1 million tax-paying employees earning less than the P11D threshold.