HC Deb 10 June 1974 vol 874 cc417-8W
Mr. Newton

asked the Chancellor of the Exchequer what is his estimate of the loss of revenue entailed in raising from £625 to £675 the single personal allowance for any person aged 65 years or over, and in raising from £865 to £950 the married man's allowance in any case where either the husband or wife is aged 65 years or over.

Dr. Gilbert

About £50 million in a full year.

Mr. Newton

asked the Chancellor of the Exchequer what is his estimate of the loss of revenue entailed in extending to registered disabled persons the same tax allowances as are available to registered blind persons under Section 18 of the Taxes Act.

Dr. Gilbert

The information on which to base an estimate is not available.

Mr. Newton

asked the Chancellor of the Exchequer what is his estimate of the loss of revenue entailed in raising from £145 to £175 the dependent relatives' allowance under Section 16 of the Taxes Act.

Dr. Gilbert

About £21/2 million in a full year.

Mr. Newton

asked the Chancellor of the Exchequer what is his estimate of the loss of revenue entailed in raising from £130 to £150 and from £260 to £300 the tax allowances for blind persons under Section 18 of the Taxes Act.

Dr. Gilbert

About £120,000.

Mr. Newton

asked the Chancellor of the Exchequer what are his estimates of the loss of revenue entailed in raising to £150 the tax allowances available under Sections 12, 13, 14, 16 and 17, respectively, of the Taxes Act.

Dr. Gilbert

About £1 million; negligible; £1½ million; £14 million and about £150,000, respectively.

Mr. Newton

asked the Chancellor of the Exchequer what is his estimate of the increase of revenue entailed in his proposal to raise from 50 per cent. to 55 per cent. the percentage governing relief by reduction of tax under Section 7 of the Taxes Act, assuming the other changes he has proposed in this section.

Dr. Gilbert

About £8 million in a full year.