§ 85. Mr. FrenchTo ask the Chancellor of the Exchequer when he last considered raising the figure at which employers have to declare to the Inland Revenue the salaries, benefits and business expenses of employees and directors.
§ Mr. Norman LamontI assume that my hon. Friend is referring to the return of expenses and benefits which employers are required to make for directors and employees earning at a rate of £8,500 a year or more. All aspects of the tax system are kept under review. But the Government have at no time sought to increase the £8,500 threshold at which employees pay tax on benefits in kind since in principle all employees should pay income tax on the whole of their earnings whether received in cash or in kind.