HL Deb 24 October 2000 vol 618 cc30-2WA
Lord Marlesford

asked Her Majesty's Government:

Whether they will update their Written Answer of 4 May 1999 (WA 84–86) to show the top rate of direct tax on personal income in the United Kingdom (including where appropriate investment income surcharge and surtax and any surcharge on surtax) for each financial year since 1970–71, indicating the threshold of taxable income at which that rate applied, expressing that threshold in both current prices and 1999–2000 prices. [HL4066]

Single, non-aged personal allowance for a man with no 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 rate is charged at 1999–2000 prices £
1970–71 325 20,000 50 18.92 2,728 175,846
1971–72 325 20,000 50 20.67 2,497 160,958
1972–73 460 20,000 55 22.13 3,301 150,339
1973–74 595 20,000 90 24.45 3,865 136,074
1974–75 625 20,000 98 28.82 3,444 115,441
1975–76 675 20,000 98 35.91 2,985 92,648
1976–77 735 20,000 98 41.40 2,820 80,362
1977–78 945 21,000 98 47.19 3,180 74,027
1978–79 985 24,000 98 51.11 3,061 78,114
1979–80 1,165 25,000 75 59.19 3,126 70,261
1980–81 1,375 27,750 75 68.85 3,172 67,047
1981–82 1,375 27,750 75 76.77 2,844 60,130
1982–83 1,565 31,500 75 82.20 3,024 63,747
1983–84 1,785 36,000 75 86.03 3,295 69,611
1984–85 2,005 38,100 60 90.37 3,524 70,133
1985–86 2,205 40,200 60 95.71 3,659 69,870
1986–87 2,335 41,200 60 98.78 3,754 69,383
1987–88 2,425 41,200 60 102.72 3,749 66,721
1988–89 2,605 19,300 40 108.88 3,800 29,487
1989–90 2,785 20,700 40 117.38 3,768 29,336
1990–91 3,005 20,700 40 128.74 3,707 26,747
1991–92 3,295 23,700 40 134.85 3,880 29,236
1992–93 3,445 23,700 40 139.11 3,933 28,341
1993–94 3,445 23,700 40 141.48 3,867 27,866
1994–95 3,445 23,700 40 145.35 3,764 27,124
1995–96 3,525 24,300 40 150.08 3,730 26,934
1996–97 3,765 25,500 40 153.73 3,889 27,593
1997–98 4,045 26,100 40 158.81 4,045 27,339
1998–99 4,195 27,100 40 163.76 4,326 27,529
1999–2000 4,335 28,000 40 166.35 4,335 28,000

For 1970–71 to 1972–73 the highest rate of income tax is 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 apply only 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.

Lord McIntosh of Haringey

The following information uses the same methodology as presented in my previous Answer except that the final two columns are now presented in 1999–2000 prices.