§ The Earl of Northeskasked Her Majesty's Government:
How they respond to the European Commission's e-invoicing proposals. [HL4778]
§ Lord McIntosh of HaringeyThe Government broadly welcome Commission proposals for simplifying and standardising invoicing rules in EC VAT legislation. The proposals are intended to facilitate the growth of e-commerce and are consistent with the UK's view that changes to the current EC VAT system should focus on simplifying and modernising the tax. We are examining the proposals
Single, non-aged personal allowance for a man with children £ Taxable income above which the highest rate is charged £ Highest rate of income tax charged % Retail Price Index £ Single, non—aged personal allowance for a man with no children at 1999–2000 prices £ Taxable income above which the highest rale is charged at 1999–2000 prices £ 1970–71 325 20,000 91.25 18.92 2,857 175,846 1971–72 325 20,000 88.75 20.67 2,616 160,958 1972–73 460 20,000 93.75 22.13 3,458 150,339 1973–74 595 20,000 90 24.45 4,048 136,074 1974–75 625 20,000 98 28.82 3,608 115,441 1975–76 675 20,000 98 35.91 3,127 92,648 1976–77 735 20,000 98 41.40 2,953 80,362 1997–78 945 21,000 98 47.19 3,331 74,027 1978–79 965 24,000 98 51.11 3,205 78,114 1979–80 1,165 25,000 75 59.19 3,274 70,261 1980–81 1,375 27,750 75 68.85 3,322 67,047 1981–82 1,375 27,750 75 76.77 2,979 60,130 1982–83 1,565 31,500 75 82.20 3,167 63,747 1983–84 1,785 36,000 75 86.03 3,452 69,611 1984–85 2,005 38,100 60 90.37 3,691 70,133 1985–86 2,205 40,200 60 95.71 3,832 69,870 1986–87 2,335 41,200 60 98.78 3,932 69,383 1987–88 2,425 41,200 60 102.72 3,927 66,721 1988–89 2,605 19,300 40 108.88 3,980 29,487 1989–90 2,785 20,700 40 117.38 3,947 29,336 1990–91 3,005 20,700 40 128.74 3,883 26,747 1991–92 3,295 23,700 40 134.85 4,065 29,236 1992–93 3,445 23,700 40 139.11 4,120 28,341 1993–94 3,445 23,700 40 141.48 4,051 27,866 1994–95 3,445 23,700 40 145.35 3,943 27,124 1995–96 3,525 24,300 40 150.08 3,907 26.934 1996–97 3,765 25,500 40 153.73 4,074 27,593 1997–98 4,045 26,100 40 158.81 4,237 27,339 1998–99 4,195 27,100 40 163.76 4,261 27,529 1999–2000 4,335 28,000 40 166.35 4,335 28,000 For 1970–71 to 1972–73 the highest rate shown is the standard rate of income tax plus the highest rate of surtax.
For 1973–74 to 1983–84, the highest rate charged includes investment income surcharge at 15 per cent, but this total rate would only apply if the taxpayer's income included investment income greater than the threshold for the highest rate of surcharge, which varied between £2,000 in 1973–74 and £7,100 in 1983–84.