HC Deb 14 July 1981 vol 8 cc334-5W
Mr. Foulkes

asked the Chancellor of the Exchequer (1) how many individuals and companies formerly paying United Kingdom taxes have, in each of the last five years, moved to the jurisdiction of the Channel Islands and Isle of Man tax authorities;

(2) what the common services and defence contribution of the Isle of Man under the Act of 1956 is for 1980–81 and 1981–82;

(3) if he will estimate how many companies registered in the Channel Islands and the Isle of Man trade in the United Kingdom; and what proportion of these earn over 50 per cent. of their turnover and/or profits in the United Kingdom;

(4) if he will introduce legislation to make United Kingdom citizens resident in the Channel Islands and Isle of Man liable to United Kingdom taxes;

(5) if he will state the number of taxpayers who had, in any of the last five years, taxable income of more than £25,000; and if he will estimate how many of these have since settled in the Channel Islands or the Isle of Man and the consequent estimated loss of revenue caused thereby to the revenue in 1980–81, assuming such persons would have been liable to tax on their highest taxable income over any of the last five years;

(6) if he will estimate the net outflow of funds from the United Kingdom directly attributable to the ending of exchange control regulations; how much of this went to the Channel Islands and the Isle of Man; and how much of this was in the hands of companies and of individuals;

(7) if he will publish a table showing the income tax payable for 1980–81 in the United Kingdom, Isle of Man and Channel Islands, respectively, of a (i) single person earning £5,000, £10,000, £50,000 and £100,000 per annum, and (ii) married couple with two children under 16 years earning £5,000, £10,000, £50,000 and £100,000 per annum.

Mr. Peter Rees

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