Earned Income Relief

HC Deb 27 March 1953 vol 513 cc119-20W

Mr. Pitman

asked the Chancellor of the Exchequer what would be the expected reduction in taxation received if the present maximum earned income relief were raised from £450 to £1,000 and were the whole of such relief applied to the income as calculated for both Income Tax and Surtax.

Mr. Boyd-Carpenter

£40 million a year.

Mr. Pitman

asked the Chancellor of the Exchequer what would be the expected reduction in taxation received if

Mr. Boyd-Carpenter

The figures are as follows:

the present earned income relief were extended also to the Income Tax calculated for Surtax.

Mr. Boyd-Carpenter

£14 million in a full year.