Value Added Tax

HC Deb 27 April 1978 vol 948 cc674-5W

Mr. Ralph Howell

asked the Chancellor of the Exchequer what are the rates of VAT, or equivalent, operative in each of the member States of the European Community, and in the United States of America, Canada, Sweden and Japan, set out in league order, with the highest at the top.

Mr. Robert Sheldon

Following is the information:

Mr. Robert Sheldon

I shall let the hon. Member have a reply as soon as possible.

Mr. MacGregor

asked the Chancellor of the Exchequer what is the yield expected in 1978–79 from tax levied at the rate of 25 per cent. and from each £1,000 band of incomes taxed at 34 per cent.

Mr. Robert Sheldon

I shall let the hon. Member have a reply as soon as possible.

Mr. MacGregor

asked the Chancellor of the Exchequer how many of the 4 million people who will pay income tax only at the rate of 25 per cent. in the year 1978–79 will be (a) earning wives, (b) young people under 18 years and (c) retired people.

Mr. Robert Sheldon

I shall let the hon. Member have a reply as soon as possible.

Mr. MacGregor

asked the Chancellor of the Exchequer, for the year 1973–74 onwards, what was the amount of income tax and employees' social security contribution paid per household, providing an estimate for 1978–79.

Mr. Robert Sheldon

I shall let the hon. Member have a reply as soon as possible.

Mr. MacGregor

asked the Chancellor of the Exchequer which countries have a combined starting rate of income tax and social security contributions higher than 31½ per cent.

Mr. Robert Sheldon

I shall let the hon. Member have a reply as soon as possible.

Mr. Lawson

asked the Chancellor of the Exchequer if he will estimate the revenue cost, additional to the cost of proposals already made in the Budget, of instituting a scale of income tax at the upper rates in which taxable income between £8,000 and £10,000 was taxed at 40 per cent., between £10,000 and £14,000 at 50 per cent., between £14,000 and £21,000 at 60 per cent. and over £21,000 at 70 per cent.

Mr. Robert Sheldon

, pursuant to his reply [Official Report, 21st April 1978; Vol. 948, cc. 386–7], gave the following information:

After taking into account the Budget proposals the estimated cost at 1978–79 income levels would be about £335 million.