§ Mr. HANNONasked the Chancellor of the Exchequer the estimated number of persons during the financial year ended 31st March, 1925, in receipt of assessable income not exceeding £135 a year?
Mr. GUINNESSI regret that I have no information as to the number of persons in Great Britain and Northern Ireland with an assessable income not exceeding £135 per annum. The hon. Member may be able to form some conclusions as to their number from a consideration of the Census and other official statistics, and of the number of persons liable to Income Tax as in receipt of assessable incomes exceeding £135 per annum. For the year 1923-24, the latter number is estimated at 5,000,000, of whom 2,400,000 actually pay tax.
§ Mr. HANNONasked the Chancellor of the Exchequer whether he can state, in respect of the financial year ended 31st March,1925, the national gross income as ascertained by the surveyors of Income Tax, the deductions to reduce the gross income to actual income liable to tax, and the actual income before deductions of personal or family allowances and reliefs?
Mr. GUINNESSI regret that the information asked for in respect of the year 1924–25 is not yet available. The following estimates have been made for the, year 1923–24:
£millions Gross income brought under review 3,050 Exemptions, reductions and discharges 750 Actual income liable to tax (before deduction of personal allowances, etc.) 2,300