Income Tax Revenue

HC Deb 19 December 1952 vol 509 c283W

Mr. Jay

asked the Chancellor of the Exchequer the total of Income Tax revenue for the latest convenient year, collected from the 5 million taxpayers with the lowest incomes paying the tax.

Mr. R. A. Butler

It is estimated that for 1950–51, the latest year for which figures are available, the total amount of Income Tax paid by the 5 million taxpayers with the lowest incomes actually liable for tax was £31 million. This figure represents the amount due for that year and is not necessarily the same as the amount collected in the year, for which no comparable figure is available.

It will be appreciated that the 1952–53 figure may be substantially different as the average income of the 5 million taxpayers with the lowest incomes this year will be higher following the Finance Act, 1952, which took some 2 million taxpayers out of the tax field.