HC Deb 24 July 1919 vol 118 cc1581-2W
Commander BELLAIRS

asked the Chancellor of the Exchequer whether he can state, in view of the recent concessions, what is the result in all cases for a married man with three children in the sum taken by direct taxation, and making no allowance for insurance in any case or for the sums taken from capital some day by Death Duties, in the case of an earned income of £250 a year and earned incomes of five, ten, fifteen, and twenty times that amount, assuming in all cases that there is no unearned income?

Mr. CHAMBERLAIN

Under the existing law, a married man with three children, for whom relief could be claimed, and having a total income of £250 entirely earned, would be liable to Income Tax amounting to £3 7s. 6d.

As a result of the concessions recently made, he will now be freed from Income Tax, his income being more than covered by the various allowances as follows:;

Abatement £120
Wife 50
One child 40
Two children at £25 50
Total £260

The other incomes specified are not affected by the concessions, as they exceed the limits of income within which the allowances apply. The amounts of Income Tax and Super-tax payable are as follows:

Income. Income Tax and Super-tax payable
£ £ s. d.
1,250 234 7 6
2,500 656 5 0
3,750 1,262 10 0
5,000 1,787 10 0