§ Mr. Newtonasked the Chancellor of the Exchequer what losses of revenue would result from raising all income tax child allowances by £100 each, £150 each and £200 each.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 5th April 1976], gave the following information:
At 1975–76 income levels and tax rates about £480 million, £720 million and £960 million respectively.
§ Mr. Newtonasked the Chancellor of the Exchequer what loss of revenue would result from raising the wife's earned income allowance from £675 to £775.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 5th April 1976], gave the following information:
At 1975–76 income levels and tax rates about £130 million.
§ Mr. Gowasked the Chancellor of the Exchequer by how much the basic rate of income tax would have to be increased in order to raise £12,000 million of additional revenue.
§ Mr. Robert Sheldon,pursuant to his reply [Official Report, 5th April 1976], gave the following information:
At 1975–76 income levels and tax allowances, about 33p.