Income Tax (Hansard, 30 June 1992)

HC Deb 30 June 1992 vol 210 cc468-9W 468W

§ Mr. Meacher
To ask the Chancellor of the Exchequer if he will expand the figures in his answer to the hon. Member for Roxburgh and Berwickshire (Mr. Kirkwood) of 22 June,Official Report, col 4, for those with incomes (a) £50,000 to £70,000 per year, (b) £70,000 to £80,000 per year and (c) over £80,000 per year.

§ Mr. Dorrell
The additional information is as follows:
469W

Average reduction in income tax per individual¹ in 1992–93 compared with the 1978–79 regime

Range of individuals income in 1992–93 Total reduction Average Reduction

£ £ million £ per annum

50,000–70,000 2,300 8,200

70,000–80,000 800 14,000

Over £80,000 7,200 46,000

¹ Individuals liable to income tax under the 1978–79 indexed regime.

Average reduction in income tax per individual¹ in 1992–93 compared with the 1978–79 regime
Range of individuals income in 1992–93	Total reduction	Average Reduction
£	£ million	£ per annum
50,000–70,000	2,300	8,200
70,000–80,000	800	14,000
Over £80,000	7,200	46,000
¹ Individuals liable to income tax under the 1978–79 indexed regime.