HC Deb 12 May 1994 vol 243 cc223-4W
7. Mr. Streeter

To ask the Chancellor of the Exchequer what is the difference between(a) the total annual amount of income tax and national insurance contributions that it is estimated that a married man on average earnings with two children will pay in 1995–96 and (b) the amount that the same person would pay in 1995–96 under the regimes of (i) 1977–78, indexed and (ii) 1978–79, indexed.

Mr. Dorrell

Income tax and national insurance payments in 1995–96 will depend on the levels of earnings in that year.

If a married man on average earnings with two children paid income tax and national insurance contributions in 1994–95 on the basis of the 1977–78 tax regime indexed to current prices he would be about £930 a year worse off; on the same basis, the 1978–79 regime would make him £690 a year worse off.

21. Mr. David Evans

To ask the Chancellor of the Exchequer how much tax and national insurance was payable on an income of £150,000 last year and in 1978.

Mr. Dorrell

Assuming that all income is earned, that the only income tax allowances and reliefs available are the married man's allowance for 1978–79 and the personal and married couple's allowance for 1993–94, and that class 1 national insurance contributions are paid at the contracted-in rate, the amounts payable were £116,542 in 1978–79 and £56,015 in 1993–94.