§ Mr. Penhaligonasked the Chancellor of the Exchequer by how much, at no loss to the Exchequer the tax threshold could be increased if the standard rate of tax was increased by lp, 2p, 3p, 4p, 5p, and 9p; and what is, for each of these charges, the level of taxable income at which the taxpayer would become worse off.
79W
§ Mr. Peter ReesThe information, which relates to the levels of incomes and allowances in 1980–81, is as follows:
Increase in basic rate of tax Percentage increase in tax threshold Level of income above which taxpayer becomes worse off Single *Married £ £ 1p 5.6 3,700 5,865 2p 10.6 3,695 5,825 3p 15.8 3,740 5,885 4p 20.6 3,755 5,927 5p 25.2 3,790 5,925 9p 41.6 3,845 6,023 *Married couple, husband sole earner. The income figures represent the level of gross income above which the taxpayer becomes worse off, on the assumption that he or she has no allowances other than the personal allowance to set against income.