HC Deb 19 July 1993 vol 229 cc27-8W
Mr. Stephen

To ask the Chancellor of the Exchequer how much money was raised by income tax levied at 40 per cent.; and how many income tax payers were chargeable at 40 per cent. in the last financial year for which figures are available.

Mr. Dorrell

At 1993–94 levels of income, it is estimated that individuals' tax liability at the 40 per cent. rate will be £12.8 billion and that 1.6 million taxpayers will be liable at this rate.