§ Mr. Nabarroasked the Chancellor of the Exchequer, in view of the number of women with university degrees who are not gainfully employed or who have restricted their work due to Surtax or aggregation of the earned income of spouses, what steps he is taking to ameliorate this position having regard to the national need for maximum employment of university graduates, males and females, notably doctors, scientists, technologists, teachers, and others.
§ Sir E. Boyle:I cannot anticipate my right hon. Friend's Budget statement.
62W
§ Mr. Nabarroasked the Chancellor of the Exchequer how many Surtax assessments would be eliminated, and what percentage this would represent of the whole, if the commencing level of Surtax were raised to £4,000 income annually; otherwise graduated as at present; how many assessments for Surtax would remain for those earning over £4,000 per annum; and what such Surtax reform would cost the Revenue in a full year.
§ Sir E. Boyle:If the starting point for Surtax had been raised to £4,000 for 1958–59, the latest year for which figures are available, about 280,000 Surtax-payers would have been exempted—some 72 per cent.—leaving 108,000 liable.
The estimated cost of the suggested change is £89 million in a full year.
§ Mr. Nabarroasked the Chancellor of the Exchequer how many new Surtax payers have been created in the present financial year 1960–61.
§ Sir E. Boyle:I regret this information is not available.
§ Mr. Nabarroasked the Chancellor of the Exchequer what steps he is taking to estimate the loss of revenue arising from the abolition of Surtax in the Isle of Man, and the prospective removal of domicile of British Surtax payers from England, Scotland, Wales, and Northern Ireland to the Isle of Man, after 1st January, 1961, to avoid assessment to Surtax.
§ Sir E. BoyleNone.