§ Mr. Dubsasked the Chancellor of the Exchequer how many people there were in the United Kingdom during the 1981–82 financial year, with an income of £12,000 or more and who were outside the PAYE scheme; what was their total gross income; and how much tax they paid.
§ Mr. RidleyThe information is as follows:
1981–82 Number (thousands) Total income (£bn) Total tax (£bn) Tax units outside PAYE scheme with income over £12,000 170 3.8 1.2 This group consists of people whose primary source of income is profits from self-employment or investment income. Those who have income from one of these sources, but also some earned income, are not included if that earned income is covered by a PAYE scheme. The income is shown after the deduction of losses, capital allowances and stock relief, but before the deducton of other reliefs—such as allowable interest payments—and personal allowances.