Income Tax

HC Deb 27 April 1989 vol 151 c599W

Mr. Nicholas Bennett

To ask the Chancellor of the Exchequer what is the total income tax payment for(a) a single person on £40,000, (b) a married man with no children on £40,000 and (c) a married man with two children on £40,000 with no other allowances apart from the basic allowances; and what would be the total payments in each category if the standard rate of income tax for those earning £40,000 were raised to 50 per cent.

Mr. Norman Lamont

[holding answer 20 April 1989]: The information is as follows:

Income tax liability1 1989–90 on income of £40,000
Category	Assuming 1989 Budget proposals £ p.a.	Assuming single rate of tax of per cent. £ p.a.
(a) Single person	11,781.00	18,607.50
(b) Married man with no children	11,145.00	17,812.50
(c) Married man with two children2	10,391.00	17,058.50
1 Assumes no other allowances apart from the basic personal allowances.
2 Deducting child benefit of £7.25 per week per child.