§ Mr. RedwoodTo ask the Chancellor of the Exchequer (1) what was the revenue from the higher rates of income tax in(a) 1978–79, (b) 1983–84 and (c) 1995–96; [37579]
(2) what proportion of gross national product was raised in higher rate income tax in (a) 1978–79, (b) 1983–84 and (c) 1995–96; [37584]
(3) what proportion of income tax was raised by higher rate tax in (a)1978–79, (b) 1983–84 and (c) 1995–96. [37583]
§ Mr. JackEstimated income tax liabilities from higher rates of income tax, that is rates in excess of the basic rate, and from the investment income surcharge are given244W in the table. Their sum is also expressed as a percentage of total income tax and of gross national product at market prices.
Income tax at excess over basic rate (1) £ million Investment income surcharge (2) £ million (1) and (2) as percentage of total income tax (1) and (2) as percentage of GNP 1978–79 1,790 249 10.1 1.2 1983–84 3,330 255 10.2 1.2 1995–961 7,080 — 9.8 1.0 1Provisional.