§ Mr. Cryerasked the Chancellor of the Exchequer what was the revenue from (a) corporation tax, (b) income tax, (c) value added tax and (d) capital transfer tax for the financial years 1978–79, 1979–80 and 1980–81, based on 1980 levels of money value.
§ Mr. Ridley[pursuant to his reply, 2 March 1982, c. 111]: Receipts adjusted by the GDP deflator—at market prices—were as follows—actual receipts in brackets.
Number of taxpayers (including married couples) paying higher rates of income tax
Thousands 1978–79 763 1979–80 700 1980–81 830 1981–82 1,120
§ Mr. Rookerasked the Chancellor of the Exchequer if he will set out the starting point of the higher rate income tax bands as a proportion of average manual and non-manual earnings in each of the past four years.
221W
§ Mr. Ridley[pursuant to his reply, 2 March 1980, c. 112]: The table below shows the higher rate tax thresholds plus the married man's allowance as a proportion of average manual and non-manual earnings.
Tax rate per cent. Proportion of average earnings 1978–79 1979–80 1980–81 1981–82 40 manual 2.13 2.25 2.19 2.00 non-manual 1.73 1.82 1.68 1.51 45 manual 2.36 2.63 2.52 2.29 non-manual 1.91 2.13 1.93 1.73 50 manual 2.58 3.20 3.09 2.82 non-manual 2.09 2.59 2.37 2.12 55 manual 2.80 4.15 3.99 3.63 non-manual 2.27 3.36 3.06 2.74 60 manual 3.14 5.10 4.89 4.45 non-manual 2.55 4.14 3.75 3.36 65 manual 3.47 non-manual 2.82 70 manual 3.92 non-manual 3.18 75 manual 4.48 non-manual 3.63 83 manual 5.71 non-manual 4.63 Average earnings are the average gross earnings of full-time adult men in manual and non-manual occupations in all industries and services in Great Britain whose pay was unaffected by absence.