§ Mr. Joel Barnettasked the Chancellor of the Exchequer what were the total capital allowances agreed by the Inland Revenue in each of the last five years.
§ Mr. NottCapital allowances due to private sector are estimated by the Inland Revenue to be:
£ million 1967 2,090 1968 2,241 1969 2,405 1970 (provisional) 2,859 1971 (estimated) 4,032 Comparable figures for the public sector are not readily available.
Band of taxable income (£) Rate per cent. Full year lost £m. Proportion attributable to those with incomes less than £2,000* 200 … … … … … … … 15 940 57 20 740 250 … … … … … … … 15 1,145 56 20 900 300 … … … … … … … 15 1,330 55 20 1,050 400 … … … … … … … 15 1,675 53 20 1,320 *Counting married couples as one unit.