HC Deb 07 May 1914 vol 62 cc447-8W
Mr. LANE-FOX

asked the Chancellor of the Exchequer what will be the increase of Income Tax and Super-tax, respectively, under the Budget proposals in the case of incomes of £5,000, £10,000, £15,000, and £50,000; and will he state the actual amounts now paid and to be paid hereafter under each tax in the case of such incomes?

Mr. LLOYD GEORGE

The amounts of tax payable and the increases are as follows:—

INCOME TAX PAYABLE.
Income. At the Rates in force in 1913–14. At the Rates proposed for 1914–15. Increase.
£ £ s. d. £ s. d. £ s. d.
5,000 291 13 4 333 6 8 41 13 4
10,000 583 6 8 666 13 4 83 6 8
15,000 875 0 0 1,000 0 0 125 0 0
50,000 2,916 13 4 3,333 6 8 416 13 4
SUPER-TAX PAYABLE.
5,000 77 1 8 77 1 8
10,000 175 0 0 372 18 4 197 18 4
15,000 300 0 0 706 5 0 406 5 0
50,000 1,175 0 0 3,639 11 8 1,864 11 8

The above figures would be liable to reduction if allowance were claimed for life insurance premiums paid out of the income.