HL Deb 25 May 2004 vol 661 cc125-7WA
Lord Marlesford

asked Her Majesty's Government:

What additional revenue would have been received, in respect of the latest financial year for which figures are available, from a single percentage point rise in (a) the 22 per cent rate of income tax; (b) the 40 per cent rate of income tax; (c) capital gains tax; and (d) inheritance tax, assuming in each case that all other factors remained unchanged. [HL2810]

The Parliamentary Under-Secretary of State, Department for Culture, Media and Sport (Lord McIntosh of Haringey)

The information requested can be found on the Inland Revenue website:www.inlandrevenue.gov.uk/ stats.tax_expenditures/table1–6.pdf

Lord Marlesford

asked Her Majesty's Government:

What is the current top rate of income tax on income in each of the member states of the European Union, indicating in sterling in each case the level of taxable income at which the top rates apply.[HL2811]

Lord McIntosh of Haringey

The table below shows the current top rates of personal income tax together with the threshold levels of taxable income in each of the EU member states.

Country Top rate of national income tax (%) Level of taxable income above which top rates apply (£)
Austria 50 £34,270
Belgium1 53.63 £20,352
Cyprus 30 £22,999
Czech Republic 32 £6,985
Denmark2 59 £27,597
Estonia 26 £0
Finland3 52 £37,591
France 48.09 £32,290
Germany4 47.48 £35,133
Greece 40 £15,764
Hungary 38 £3,942
Ireland 42 £18,863
Italy5 45.63 £47,157
Latvia 25 £0
Lithuania 33 £0
Luxembourg6 38.95 £23,242
Malta 35 £10,399
Netherlands 52 £34,123
Poland 40 £10,480
Portugal 40 £35,922
Slovakia 19 £0
Slovenia 50 £23,756
Spain 45 £30,315
Sweden7 57 £32,453
UK 40 £31,400
Currency conversions are calculated to the nearest pound sterling using exchange rates as at 17 May 2004.
1 Belgium: Top national rate (50 per cent) plus local surcharge (average 7.25 per cent). Total effective rate 53.63 per cent.
2 Denmark: Top national rate (26.5 per cent) is augmented by flat rate local income taxes at both county and municipal levels (average aggregate rate 32.6 per cent). However, the maximum combined rate of local and national income taxes is limited to 59 per cent.
3 Finland: Top national rate (34 per cent) plus municipal income tax (average rate 18 per cent). Total rate 52 per cent.
4 Germany: Top national rate (45 per cent) plus solidarity surcharge (5.5 per cent). Total effective rate 47.48 per cent.
5 Italy: Top national rate (45 per cent) plus regional surcharge (average rate 1.15 per cent), plus municipal surcharge (average rate 0.25 per cent). Total effective rate 45.63 per cent.
6 Luxembourg: Top national rate (38 per cent) plus employment surcharge (2.5 per cent). Total effective rate 38.95 per cent.
7 Sweden: Top national rate (25 per cent) plus flat rate local income tax (average rate 32 per cent). Total effective rate 57 per cent.

Source:

Inland Revenue.

Lord Marlesford

asked Her Majesty's Government:

What was the top rate of direct tax on personal incomes in the United Kingdom for each year from 1970–71 to 2003–04; and whether they will provide

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 2003–04 prices £ Taxable income above which the highest rate is charged at 2003–04 prices £
1970–71 325 20,000 91.25 18.92 3,135 192,896
1971–72 325 20,000 88.75 20.67 2,869 176,565
1972–73 460 20,000 93.75 22.13 3,793 164,916
1973–74 595 20,000 90 24.45 4,441 149,268
1974–75 625 20,000 98 28.82 3,957 126,634
1975–76 675 20,000 98 35.91 3,430 101,632
1976–77 735 20,000 98 41.40 3,240 88,155
1977–78 945 21,000 98 47.19 3,654 81,205
1978–79 965 24,000 98 51.11 3,445 85,688
1979–80 1,165 25,000 75 59.19 3,592 77,074
1980–81 1,375 27,750 75 68.85 3,644 73,549
1981–82 1,375 27,750 75 76.77 3,268 65,961
1982–83 1,565 31,500 75 82.20 3,474 69,928
1983–84 1,785 36,000 75 86.03 3,786 76,360
1984–85 2,005 38,100 60 90.37 4,049 76,934
1985–86 2,205 40,200 60 95.71 4,204 76,645
1986–87 2,335 41,200 60 98.78 4,314 76,110
1987–88 2,425 41,200 60 102.72 4,308 73,191
1988–89 2,605 19,300 40 108.88 4,366 32,346
1989–90 2,785 20,700 40 117.38 4,330 32,180
1990–91 3,005 20,700 40 128.74 4,259 29,341
1991–92 3,295 23,700 40 134.85 4,459 32,071
1992–93 3,445 23,700 40 139.11 4,519 31,089
1993–94 3,445 23,700 40 141.48 4,443 30.568
1994–95 3,445 23,700 40 145.35 4,325 29,754
1995–96 3,525 24,300 40 150.08 4,286 29,546
1996–97 3,765 25,500 40 153.73 4,469 30,269
1997–98 4,045 26,100 40 158.81 4,648 29,990
1998–99 4,195 27,100 40 163.76 4,675 30,198
1999–2000 4,335 28,000 40 166.35 4,755 30.715
2000–01 4,385 28,400 40 171.33 4,670 30,248
2001–02 4,535 29,400 40 173.88 4,759 30,854
2002–03 4,615 29,900 40 177.52 4,744 30,735
2003–04 4,615 30,500 40 182.48 4,615 30,500

Notes:

1. For 1970–71 to 1972–73 the highest rate shown is the standard rate of income tax plus the highest rate of surtax

2. For 1973–74 to 1983–84, the highest 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.