§ Sir Geoffrey Finsbergasked the Chancellor of the Exchequer, pursuant to the reply to the hon. Member for Hampstead and Highgate of 27 March, Official Report, columns 602–5, if he will set out in respect of tables 1 and 2, the equivalent rates of tax for the United Kingdom.
§ Mr. MooreThe information requested is as follows:
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Table 1 Income Tax Thresholds in £—Employment Income
(1986–87 proposed level)
£ Single person 2,335 Married couple with no dependent children 3,655
Table 2 Rates of Tax on Bands of Net Taxable Employment Income in £
(1986–87 proposed taxable income and rates)
Single person/married couple with no dependent children Rate per cent. 0–17,200 29 17,201–20,200 40 20,201–25,400 45 25,401–33,300 50 33,301–41,200 55 over 41,200 60