HC Deb 05 July 1988 vol 136 cc516-7W
Mr. Harry Barnes

To ask the Chancellor of the Exchequer what is the anticipated revenue from income tax for 1988–89 expressed as a per capita sum for each adult over the age of 18 years.

Mr. Norman Lamont

The 1988 Budget forecast of income tax receipts in 1988–89 is £42.1 billion. This represents about £960 per head of the projected mid-1988 adult population aged 18 and over.

Mr. Gordon Brown

To ask the Chancellor of the Exchequer what is the latest estimate of the total amount of income tax to be paid by the top 5 per cent. and the bottom 50 per cent. of taxpayers in 1988–89.

Mr. Norman Lamont

[holding answer 27 June 1988]: The latest estimates of the total amount of income tax to be paid in a full year by the top 5 per cent. and the bottom 50 per cent. are £12.5 billion and £7.5 billion, respectively, for 1988–89.

The calculations are based on a projection of the 1985–86 survey of personal incomes and are therefore provisional.