HC Deb 29 October 1976 vol 918 c389W
Mr. Edge

asked the Chancellor of the Exchequer if it is the policy of his

(1) (2)
Approximate weekly rate of rebate Level of weekly earnings at which refunds exceed those in column (1)
£ £
Single person 4.95 110.31
Married couple 7.35 117.04
Married couple with—
1 child not over 11 9.35 122.81
2 children not over 11 10.50 126.08
3 children not over 11 11.65 129.35
4 children (two not over 11, two over 11 but not over 16) 13.45 133.97
Notes:
Column (1) represents the value to a basic rate taxpayer of one-fifty-second of his annual tax allowances less family allowance and clawback where appropriate.
Column (2) gives the weekly earnings level exclusive of family allowance at which the taxpayer pays tax on £1 of his annual income at the first of the higher rates—i.e., at 40 per cent.