Income Tax

HC Deb 01 May 1995 vol 259 cc36-9W

Mr. Milburn

To ask the Chancellor of the Exchequer if he will provide, on the same basis as in table, 2.7, "Inland Revenue Statistics 1994", estimates for income tax liabilities for 1995–96 in an income range form £3,525 to £100,000, supplying data at intervals of not more than 10,000. [21005]

Sir George Young

[holding answer 25 April 1995]: Available estimates based on a projection of the 1992–93 survey of personal incomes are given in the following table.

Income tax liabilities, by income range, 1995–961
Range of total income (lower limit)	Tax liability at lower rate	Tax liability at basic rate	Tax liability at excess over basic rate
£	Number of taxpayers	Amount taxpayers	Number of taxpayers	Amount	Number of taxpayers	Amount
3,525	1.9	260	—	—	—	—
5,000	4.1	1,920	0.8	70	—	—
7,500	3.8	2,440	3.7	1,510	—	—
10,000	6.1	3,890	6.1	7,710	—	—
15,000	4.1	2,620	4.1	10,100	—	—
20,000	3.9	2,490	3.9	15,800	0.2	30
30,000	1.2	770	1.2	7,740	1.2	870
40,000	1.0	670	1.0	15,500	1.0	6,010
All ranges	26.2	15,100	20.8	58,500	2.4	6,910

		Numbers: millions; amounts: £ million
Range of total income (lower limit) £	Total tax liability before tax credit	Total tax liability after tax credit	Average rate of tax Percentage	Average amount of tax £
3,525	260	250	3	130
5,000	2,000	1,720	7	420
7,500	3,940	3,460	10	910
10,000	11,600	10,300	14	1,670
15,000	12,700	11,500	16	2,800
20,000	18,400	16,900	18	4,340
30,000	9,380	8,850	22	7,380
40,000	22,200	21,700	30	20,730
All ranges	80,500	74,600	18	2,850
1Provisional

Mr. Milburn

To ask the Chancellor of the Exchequer if he will update table 2.9, "Inland Revenue Statistics 1994", providing estimates for 1995–96. [21006]

Income tax liabilities of lower, basic and higher rate taxpayers by range of total income by source, 1995–961
Range of total income (lower limit)	Main source Schedule E pay or occupational pension	Main source Schedule D case I or II profits	Other main sources
£	Number of taxpayers	Total amount of tax	Number of taxpayers2	Total amount of tax3	Number of taxpayers	Total amount
Taxpayers liable only at the lower rate
3,525	4,490	1,270	550	150	320	80
20,000	—	—	—	—	—	—
30,000	—	—	—	—	—	—
Total	4,490	1,270	550	150	320	80
Taxpayers liable at the basic rate (excluding higher rate taxpayers
3,525	12,800	22,800	1,570	2,450	280	420
20,000	3,320	14,200	330	1,350	40	170
30,000	20	90	10	50	—	—
Total	16,200	37,100	1,900	3,850	320	590

The main reason for higher numbers of taxpayers is increasing prosperity—real incomes have increased by 40 per cent. Since 1979—and the number of people in employment increased by 174,000 during 1994.

Sir George Young

[holding answer 25 April 1995]: Provisional incomes are given in the table:

Income tax liabilities of lower, basic and higher rate taxpayers by range of total income by source, 1995–961
Range of total income (lower limit)	Main source Schedule E pay or occupational pension	Main source Schedule D case I or II profits	Other main sources
£	Number of taxpayers	Total amount of tax	Number of taxpayers2	Total amount of tax3	Number of taxpayers	Total amount
Taxpayers liable at the higher rate
3,525	—	—	—	—	—	—
20,000	180	1,040	30	170	10	40
30,000	1,360	11,500	230	1,990	30	310
50,000	350	6,600	110	2,070	10	220
100,000	80	4,830	40	2,530	10	350
Total	1,970	24,000	400	6,760	60	930
1Provisional.
2Numbers=thousands.
3Amounts=£ million.

The main reason for higher numbers of taxpayers is increasing prosperity—real incomes have increased by 40 per cent. since 1979—and the number of people in employment increased by 174,000 during 1994.